Central Bank to Gov: The people don't like it when you print paper money at will and spend it into the economy, so let us have that special privilege and we'll lend the money to you at interest.
Gov to Central Bank: Won't the people catch on to that?
Central Bank to Gov: Some of them will but we can label them as Kookburgers.
Gov to Central Bank: You mean people who object to our spending the money when we create it ourselves will not object if we borrow it and require them to be taxed to pay the interest?
Central Bank to Gov: Not only that, get this: we will depreciate the currency by 92% in a sixty year period, while getting a reputation as a fearless inflation fighter. They will beg us to loosen, then we'll reluctantly give in. Works like a charm!
AT FOMC TOMORROW THE GRAND POOH BAH WILL REDUCE BY ANOTHER 1/4% SETTING AN ALL TIME RECORD OF 11 EASINGS IN A SINGLE CALENDAR YEAR. WHAT MONTH DID THEY MISS?