Fiscal Insanity Virus Rapidly Spreading The Globe (Part 1)

FIV is more contagious and far more dangerous than the common flu virus now making its rounds. The primary symptom of FIV is irrational, often delusional fear of deflation. The virus has an uncanny ability to seek victims in positions of authority. Those afflicted with the virus start taking (or promoting) fiscally reckless actions guaranteed to damage the host country.

Those severely inflicted with FIV show a marked propensity to compete in the race to ZIRP. For more on ZIRP, please see Global ZIRP And The "Impossible Contraction".

That post was written on November 2. On December 16, ZIRP Arrives: Fed Targets Interest Rates 0 to 1/4 Percent. Bernanke "won" the mad dash to ZIRP.

Scientists in 33 countries studying the disease have uncovered similar patterns in the DNA of every victim. To date, every person afflicted with FIV has been found to have one of two distinct Marker Chromosomes now identified as the K-Marker (Keynesian-Marker), or the M-Marker (Monetarist-Marker). No one with the recently discovered A-Marker (Austrian-Marker) has yet to contract FIV.

Scientists conclude that those with the A-Marker may be biologically immune to FIV.

DNA Samplings At Universities

Random DNA samplings of university professors are not encouraging. Scientists have discovered that 99% of all economic professors have either the K-Marker or the M-Marker.

Economic professors, while not in a position to direct policy, are highly contagious. Those with FIV have encouraged those in positions of power to do reckless things. The victim is always in denial about the disease.

Prominent DNA Hair Samples

A hair sample taken from economist Paul Krugman, professor of Economics and International Affairs at Princeton University, and Op-Ed writer for the New York Times shows an unusual pattern of multiple repetitive K-Markers.

A hair sample taken from Nouriel Roubini, Professor of Economics at the Stern School of Business at NYU and Chairman of RGE Monitor shows the typical K-Marker pattern.

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Bear in mind the A-Marker trace in Mankiw is highly questionable, while the M-Marker is irrefutable. Inquiring minds wishing to investigate Davis Bacon more thoroughly should read Thoughts on the Davis Bacon Act and why it's a "real porker".

Hair samples taken from Ron Paul, member of the US House of Representatives, have now been analyzed. Scientists report that Ron Paul has the only known double repetitive occurrence of the A-Marker. Scientists speculate that such individuals would be highly immune to FIV, even in the most highly diseased environments such as US Congress.

Hair samples from Ben Bernake, Chairman of the Board of Governors of the Federal Reserve, were much more difficult to obtain for obvious reasons. However, the efforts paid off. In 10,102 samples studied by scientists globally, Bernanke's DNA sports the only known instance of multiple, repetitive, alternating K-Marker M-Marker pairs.

Scientists now speculate those alternating markers are what inspired his infamous, if not delusional, helicopter drop speech in 2002, Deflation: Making Sure "It" Doesn't Happen Here. Clearly Bernanke has been afflicted with FIV for quite some time.

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Great Post!
...but you forgot to mention the typical progression of the successful Economics Professor in his earlier years...student body organizer, community organizer....those who stagnate at that level and actually have to find work often become union organizers...Good little Democrats all! And they make great fodder for CNBC’s predictions of doom that become some of the most successful contrarian indicators! There is a high Inverse Correlation of the # of Economics Professors interviewed on CNBC, and the S&P500.

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