Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Thursday, September 2, 2010
How Do LIke Them Apples?
The Mogambo Guru writes:
I am standing on the corner of the street, doing my duty to “give back” to society, in this case by yelling at morons passing by in the cars, “We’re freaking doomed, you moron! Your own stupid government has destroyed you by letting the foul, fetid, festering Federal Reserve create too much money that they stupidly, stupidly, stupidly did as part of the stupid neo-Keynesian econometric theoretical lunacy that has mesmerized them, so that a shiny computer in front of a neo-Keynesian econometric economist is like a shiny toy in front of a monkey, and which has mesmerized the Fed and the government for similar reasons, and with similar results, in that the toy is now broken, the monkey cut its hand on the broken toy, the cut is infected, and there is a good chance that the monkey will die a horrible, painful death! Hahaha! How do you like them apples? Horrible, painful death! We’re freaking doomed, including you and your hotshot car with the radio turned up real loud, trying to drown me out! And stop honking at me! I have rights, you moron!”...
Even Gene Epstein, in his Economic Beat column in Barron’s, seems so moved by the threat of inflation in prices that he makes a joke of it by humorously saying, “It seems to have become an article of faith: Cheaper goods and services are bad for us, costlier goods and services much healthier,” which is the only conclusion that one can draw from how “Federal Reserve Chairman Ben S. Bernanke expressed concern that price inflation isn’t running fast enough”!!!
The three exclamation points that I included at the end of that last sentence perform a variety of functions, the most important is that it indicates proof that Ben Bernanke is a treacherous, traitorous bastard, in that he is deliberately violating the reason that the Federal Reserve exists in the first place; to prevent inflation in prices!