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Tuesday
Jan112011

Synonymous Terms for Quantitative Easing 

I was having a leisurely breakfast with the family when I read where Philipp Bagus, writing at Mises Daily newsletter, quotes James Bullard, president of the St. Louis Federal Reserve Bank, as saying, "it's important to defend inflation from the low side as we would on the high side."

I thought to myself, "Defend inflation? Inflation needs to be defended from being too low? Arrgghhh!"

As indicated by the surprising use of the pirate-sounding phrase, "Arrgghh!" you can tell that this sublime idiocy drives me Up The Freaking Wall (UTFW), as soon indicated by a few almost-obligatory and loud Mogambo Screams Of Outrage (MSOO) emanating from my lips, which, unfortunately, upset my stupid family, and they all started complaining about the noise and the way that food was flying out of my mouth and getting all over everything.

Amid rude comments like, "Calm down, you idiot!" and, "Ewww!" I just explained, "Screw you!" got in my car and went to work.

As I was driving along, thinking about this idiot Bullard, and thinking about how the Federal Reserve has become a malignant organization that is going to destroy us with catastrophic inflation as a result of their terrifying creation of So Freaking Much Money (SFMM) so that the Obama administration can borrow the money and spend it, and thinking about how I can possibly save my job, which is hanging by a thread, when - suddenly! - I had a Brilliant Mogambo Idea (BMI)!

With mounting excitement, I stepped on the accelerator, horn blaring, swerved into the parking lot and, to save time, took the Handicapped Parking space.

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