Tuesday, July 10, 2012

An Evil Man

I do wish more people who are maybe a bit more respectable than I am would start using moral language to describe the reprehensible actions of Bernanke and pals. There's no possible analysis of the welfare tradeoffs of these policies which leads to any other conclusion than "mass unemployment is a small price to pay for keeping the rich fat and happy, or even fatter and happier."

Time to end our failed experiment in "independent" central banking.