Michael B. Duff

Lubbock's answer to a question no one asked

links for 2010-07-16

  • Like many supergeniuses, Bernanke is in trouble because his plan is too brilliant. It really is possible to create inflation if you have the will. Just print another trillion or two, stop paying banks to keep that money in their vaults, and the country will be flooded with dollars. The problem is that the Fed keeps trying to micromanage the inflation, explode the monetary base without anybody noticing. But at some point you have to commit to devaluation of your currency. The moment to strike is now: Personal savings rates have been increasing for the last three months [all pdfs] measured. There are still millions of jobs to save or create. It's time to send a clear message: We're going to keep printing money until you stop saving it.
  • This was my first computer.
    (tags: toys)

Written by Michael B. Duff

July 16, 2010 at 23:02

Posted in Uncategorized

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