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.


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. . .



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