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Friday, March 9, 2012

Fed News Friday: New and Improved: Inflation-free Inflation, from the Federal Reserve!

"Watch this you guys! I am now holding down inflation levels through mind control."

Have you ever seen those short infomercials about some pill that you can take before a night of heavy drinking and *using my smooth, deep, infomercial announcer voice* magically wake up refreshed and alert the next day! No more headaches! No more hangovers! Our proprietary, patent-pending formula has been proven in clinical trials to… blah blah blah, blahblah blah blah… yours today for only $19.99!

Yeah, I never believed those commercials and I never ordered their little pill. Actions have consequences. Drinking too much will stress the body in all kinds of nasty ways that lead to a hangover the next day. You’ll feel good while you’re doing it, but there’s just no such thing as a magic pill to avoid the effects of partying hard.

I also don’t believe the Federal Reserve’s new approach to quantitative easing that could boost the economy without causing inflation. I’m actually not even sure if I believe it’s a new approach to quantitative easing instead of just a new approach to selling its Keynesian policies to an increasingly skeptical American public…

at The Silver Underground.

Wes Messamore,
Editor in Chief, THL
Articles | Author's Page

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