Does Bernanke know that he's totally screwed, that he has the power to create asset and commodity inflation but not to match it with wage inflation?
Or is he as naive and arrogant as Greenspan, seeing himself as an infallible god who can turn back the laws of mathematics with a wave of his sheepskin?
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
More stuff that broke around 1971
We've noted before that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...
1 comment:
Pithy, to the point, and absolutely right.
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