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To: April Lexington

I would rather have them print money.

At least inflation is not unfair, as it affects everyone by the same percentage.


7 posted on 08/31/2009 8:34:31 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: Jewbacca
At least inflation is not unfair, as it affects everyone by the same percentage.

Not ture. Inflation punishes those who are living on fixed income or receive wages or otherwise depend on cash. It actually rewards those who own precious assets.

11 posted on 08/31/2009 8:39:49 AM PDT by Captain Kirk
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To: Jewbacca
Its as if these folks don't believe in natural law of the marketplace. Human nature is a constant (albeit in chaos most of the time). People will always take the larger over the smaller. The better over the worse. The fresher over the stale (ever see anyone in a grocery store rummaging through the apples to find the most dented and bruised?). These laws are embedded in our human nature. We want. and ... when things we want are scarce, we compete for them.

Adam Smith noticed (NOT a quant, by the way) that when two people do a win-win deal, both are better off) This became his invisible hand. I liken it to Jesus "golden rule" or Hillel's simmilar observation. Of course, both were quoting Leviticus. Win-win is good, I screw you is bad...

So what does this have to do with Bernankedom? Simple... human nature creates paradigms/rules in the marketplace and if you don't understand the rules/dynamics and you try to adopt policies that contradict or circumvent the rules... you lose. The USSR was a great example. For 70 years, up was down and down was up. It collapsed under its own weight when market forces finally shattered the Utopian dreams of its dictatorial founders. They just couldn't pound 150 million round pegs into 5 square holes!

These boys are hopeless (and, notice how they are all male!).

15 posted on 08/31/2009 8:48:22 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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