"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Central Banking Tsunami
Submitted by Melinda L. Secor on Sun, 2011-01-16 04:00
“The economy will grow by three to four percent in 2011, according to Federal Reserve Chairman Ben Bernanke, but unemployment will remain. Meanwhile, according to Bernanke, the horrid spectre of deflation has been averted for the moment. Finally, banks are getting back to basics and making 'prudent loans,' instead of rash ones that led to the 'trouble' of 2008. Really folks, what's this man smoking?"
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