Inflating the money supply (aka creating massive inflation) during a crisis and going into massive debt is like trying to dig your way over a mountain. History should be our guide, not Keynesian vudu. Actual transcript from Powell during his interview on 60 Minures below: https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/#app Scott Pelley: Where does it come from? Do you […]
Some people (I won’t name any party names) claim to want fiscial responsibility, yet they won’t hear of spending cuts. The talking heads cry and publicly throw their fits saying they want fiscal responsibility, now! Then when presented with an opportunity for sequestration they decry cutting spending for their precious war machine. You are either […]
There was once an old lady who swallowed a fly,And became so terrified that she surely would die!See, she lived in a country overrun by these pestsAnd… well, I think you may recall the rest? Now we live in a world overrun by a bug;So … we lockdowned ourselves and outlawed all family hugs.And then […]
