Thursday, September 25, 2008

We Just Wanted To Chose A Really, Really Large Number

Some people believe that if we just give Hank and Ben enough money, they can get things in the economy "back to normal".

The problem with this, is that "normal", is where we engage in huge deficit spending, year after year, and everybody pretends the money is good. Don't look now but I don't think we are ever going to get back to normal again.

People need to recognize that reducing the monetary policy of the United States Treasury and the Federal Reserve Bank to the level of moronic Nigerian spam, may not portend a quick resolution of the current financial crisis.

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