Monetary Policy Fail

“…the government is different from financial institutions because it can print money,” –one of the president’s senior economic advisers

So many levels of fail I don’t even know where to start. The fact that a senior economic adviser can say something like that is appalling.

The people in charge do not know what they are doing.

We are so screwed.

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9 Responses to Monetary Policy Fail

  1. Jay G. says:

    It’s even worse than that, Alan. They know exactly what they’re doing…

  2. Lissa says:

    The government is different from financial institutions because it can print money. It therefore does not have to take into account efficiency, costs, effects, unintended consequences, current markets, reality, or the wishes of its customers or shareholders. You should therefore trust government exactly half as far as you can heave a Ford F-150.

    Makes perfect sense to me.

  3. CalvinsMom says:

    That man and all his cronies couldn’t lead ants to a damn picnic.

    2012 can’t come soon enough.

  4. mike w. says:

    In liberal world printing more money has no unintended consequences.

    What’s happened in Greece couldn’t possibly happen here! Not in my neighorhood.

    These morons are actively trying to run the country into the ground as fast as they can. They’re insane. I can’t chalk it up to pure stupidity. Some levels of idiocy can’t be explained by stupidity alone.

  5. TJP says:

    Oh, heck, there’s enough to go around. Quick, everyone, pay your taxes with checks that bounce!

  6. gator says:

    It’ll all work out OK. When the money that it’s already printed loses value because of the money it’s currently printing, it can always print more to make up for it. Oh wait… that won’t end well.

  7. DirtCrashr says:

    I agree with mike w. – they’re doing it on purpose and their purpose is collapse.

  8. Pingback: SayUncle » Can we put the grown ups in charge?

  9. Billy says:

    Mike w. Greece isn’t in financial collapse because it printed too much money. In fact it has no control over it’s monetary policy, that’s what the euro monetray union is for.

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