Monday, October 31, 2011

Crazy, Stupid, Or Evil

Since inflation hasn't appeared, we're going to instead worry about "inflation risk tolerance." I think Kocherlakota spends his days looking at entrails and trying to find meaning in patterns of 3rd and 4th derivatives.

I'm not sure how much any conceivable (as in, it is conceivable they would be enacted) Fed policies can help at this point, but these people are nuts.