The Fed Has Gone Insane, So I'll Just Pick Up Some More Gold & Silver
by The Mogambo Guru
Oct 15, 2010
My stomach was hurting, so I decided to take a little time off and soothe the old midsection with a few medicinal brews and a dose of pizza. The reason that my stomach hurt was because I had just read the stupidest economic essay, which was, unbelievably, penned by another lackluster university professor, and surprisingly printed by The Financial Times newspaper.
The guy's name is Michael Woodford, of Columbia University, and whose execrable and totally idiotic piece is titled "Bernanke Needs Inflation for QE2 to Sail."
He writes, unbelievably, "The Fed should allow a one-time only inflation increase, with a plan to control it when the economy recovers." Hahahaha!
Hahahaha! Why am I laughing so hard that I am doubled over and actually gagging up pieces of stomach lining? Why? I don't know where to start! Hahaha!
Wiping the tears of laughter from my eyes, let's just begin where he began: "The Fed should allow a one-time only inflation increase"! Hahaha! It is so ridiculous to think that the Fed can produce a "one-time" inflation, when the fact is that the Fed has already engineered 50 years of constant inflation, sometimes simmering and occasionally roaring inflation! A "one-time" inflation! Hahahaha!
I can hardly breathe from all this laughing, but He-Man Mogambo (HMM) gathers his strength and with a Herculean effort manages to control the laughing spasm that I know is coming when this dimwit says that the Fed can stoke inflation and then come up with "a plan to control it when the economy recovers"!!! Hahahahahahahahaha!
That last, long laugh is where I really lost it! A plan to "control inflation"! Hahahahahahaha!