“Maybe the Fed can fool some of the people some of the time, but it can’t fool all of the people all of the time. In the process, policy makers may end up fooling themselves that they can create expectations of a little more inflation without delivering a lot of the real thing.” – Caroline Baum
Jim’s Quote of the Day
- Ad The Good News About Nuclear Destruction.The lethality of all nukes can be reduced by 90% when you know beforehand what to do and not do.
- Ad Even a mushroom cloud has a silver lining.The Duck & Cover Adventures are a laugh-out-loud look at the apocalypse that readers are calling “Mad Max meets Monty Python.”