Category Archives: Economics
QOTD: Kevin Warsh on the Fed
“…The Federal Reserve is not a repair shop for broken fiscal, trade, or regulatory policies,” —Kevin Warsh Not supposed to be maybe, but then the Fed is doing a lot of things it’s not supposed to do. Warsh is on … Continue reading
FED Lunacy
GAH! The FED has decided to try to inflate our way out of the Great Recession. The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in … Continue reading
A quick word on Keynsianism
That pump priming thing only works if you do it with surplus money that you’ve saved. It doesn’t work with deficit spending. Sorry, Barry. But then it never was about fixing the economy, was it?
Posted in Economics
2 Comments
QOTD: If real wars were like trade wars.
I’m quoting the whole thing because it’s just that good. If governments fought real wars like they fight trade wars, here’s how the transcript of the communiqués between the leaders of two warring nations would read: Leader of Absurditoptia (A): … Continue reading
You can’t eat gold
What works for the people with $40 million in disposable income doesn’t work for the rest of us. Not only can you not eat gold but in a real crises you can’t even trade it for something you CAN eat. … Continue reading
Posted in Economics, Obamanation, WTF?
5 Comments
Liquidity Trap
A few decades ago when I was working my way through an Economics degree, the concept of a Liquidity Trap was explained as some kind of horror that could never happen here. Oh well. It’s very interesting (in the Chinese … Continue reading
Posted in Economics, Fail, History
2 Comments
