When reality fails to confirm the “truths” held by the international financial establishment, the corporate media can be relied on to concoct more cooperative scenarios. In the real world, Argentina’s economy has been one of the most robust in the world for the past decade. But in the world of corporate journalism, Argentina is an economic rogue on the road to ruin. When its economy is discussed in U.S. corporate media, it’s largely to portray it as an example of national leaders making bad economic choices, a model of what not to do. This is what happened when Argentina recently [...]

If you oppose the idea of restoring the economy by expanding the monetary supply (Extra!, 2/12), you have a ready rejoinder: You can accuse the government of “printing money.” Washington Post columnist George Will (5/9/12) chided, “An axiom of scarcity is understood by people not warped by working for the federal government, which can print money when it wearies of borrowing it.” Investor’s Business Daily’s Mike Getlin (4/25/12) dismissed signs of economic recovery, writing, “The problem is that these improvements are not built on actual wealth invested in these markets, but on printed money created from thin air.” “Whatever restraint [...]