Yes, I know it's a few days after the fact. Halloween has come and gone, and wasn't nearly as scary this year as last because we're no longer facing the prospect of moving back into caves and going to war over fire.
However, the chocolate-covered orgy of excess that is All Hallows Eve has much to teach us about socialism and the free market. I found this article by Jeffrey Tucker and thought you guys would get a kick out of it.
It's funny that even 6-year olds recognize the deleterious effect of inflation on an economy, but the smartest guys in the room over at the Fed don't seem to get it.
And don't eat all that or you'll rot your teeth...
Jesus christ...
The guys at the Fed obviously "get it" re:inflation, they just believe the trade-off is worth it vs. the alternative.
I know it's tempting to post links followed by Zerohedge-inspired off the cuff remarks ("Big Ben can just airlift another 2 trillion dollars", "Goldman steals another few billion from the taxpayer") as it's an easy way to produce the illusion of insight/experience without actually contributing anything meaningful or original beyond just copy/pasting the original link but (insert Gob Bluth) "come on!" Seriously, you can do better.
I feel foolish responding to your posts usually as it seems glaringly obvious that your crackpot libertarianism and weirdly vague,semi-aborted political rants (see the 10 cannots, apparently by Abraham Lincoln) are merely a prank to generate traffic but I'm becoming uncomfortably more confident that you actually believe in what you write.
No. The guys at the Fed do not get it. If they got it, they would stop replacing debt-based economic expansion with bigger debt-based economic expansion (don't even say growth, the growth is just an illusion), but instead they try and squeeze as much out of each asset bubble until they get caught with their pants down when it bursts. As for libertarianism, the only reason why so many people on this board hate it so much is because if true libertarians had their way last fall, most people on this board who are not students may have been out of a job. But instead, the Republicrats and Bankster Ben traded short term gain for long term pain as they try and blow another asset bubble. But this time, it is at the taxpayer's expense via federal robbery and cheap money from the central bank.
But go ahead, keep cheering because the DOW is back around 10,000.
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