Saturday, November 13, 2010

The Ben Bernake and The Economy

Question: So why do they call it Quantitative Easing? Why don't They just call it Printing money?
Answer: Because printing money is the last refuge of Failed Economic Empires and Banana Republics, and The Fed doesn't want to admit that this is their only idea.
Question: So [The Fed] thinks that during a recession, when The People have less money to buy the Stuff, it is Bad when the prices go down?
Answer: Yes, The Fed would rather have The Inflation.

Question: So what is deflating right now?
Answer: The only thing deflating that I can see is The Fed's credibility.
Question: Did They have a lot of credibility to start with?
Answer: No.
Question: Why not?
Answer: Because The Fed has been wrong about every major economic development in the last 20 years.