Alarming News

November 22, 2010

I’d like some quantitative easing myself

A must-see video. Hat-tip Jake.

Posted by Karol at 12:06 PM |
Comments

Love it!

Posted by: lisa at November 22, 2010 at 2:02 pm

Where can I get some quantative easing?

Posted by: Karol at November 22, 2010 at 3:49 pm

Two types of videos I can’t get enough of: xtranormal and Taiwan cgi.

Posted by: Scot at November 23, 2010 at 11:20 pm

The video is excellent and reveals much, but it doesn’t state a plain truth (at least not that I’ve seen).

The truth is that “quantitative easing” is quackery, and “stimulus” is just a smokescreen. Even going by the Fed’s Keynesianism, it wouldn’t work anyway. Now, the Fed doesn’t need to inject $600 billion into the economy, but it does need to lend $600 billion to the Treasury. There’s no more money to borrow from other countries, so like any African Marxist (e.g. Mugabe), Obama thinks the central bank can simply print new money.

“Cabeza de mierda” Washboard popped up on my blog tonight, which reminded me that I’ve been away too long. For several months I’ve been busy with this big project, as well as jockeying for a big (and IMNSHO well-deserved) promotion. It’ll be curious to see what economic fallacies have gone unchecked here.

Posted by: Perry Eidelbus at December 5, 2010 at 10:08 pm

I could watch Schindler’s List and still be happy after reading this.

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