29 November 2010

Quantitative Easing Explained

Excellent! (via CM)


So what qualifies him to run the Fed?
I don't know, other than he has a nice beard.
My plumber also has a nice beard, but I would not trust him to play god with the economy.
No, although when you call a plumber to fix something that is broken, they usually fix it, not break it more.
This is true, the plumber is clearly smarter than the Ben Bernanke.
Well, that is why he became a plumber and not an economist.
Classic!

1 comment:

W.E. Heasley said...

John B. Taylor does not have a beard. Yet Taylor is the best plumber of economics when it comes to the Fed.

When they finally call-in Taylor, his economic plumbing bill is going to be a whooper!