The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Thank’ee, Bernanke

Posted on | June 23, 2011 | 8 Comments

by Smitty

reversed cart and horse It looks like ‘action’ now means ‘value’:

The Fed would be “prepared to take additional action, obviously, if conditions warranted,” including the purchase of more Treasury securities, Bernanke said yesterday after U.S. central bankers met in Washington.

<shatner_voice>

Farce… the Financial Frontier. These are the voyages of the Federal Reserve. Its five-score-year mission: to explore strange new monetary value depths, to seek out new life in zombie Economics, to boldly go where no man with a shred of policy sense has gone before. . .

</shatner_voice>

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