"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Tuesday, November 20, 2012
Could it be? I am right in what I have been saying? He forgot to add the burden of paying for entitlement spending.
You know good & well FRB members don't "forget" to say anything in prepared remarks.
I'm amused by the Chairman's emphasis on employment in these remarks, yet he & his colleagues @ the FOMC have ignored that side of their dual mandate for nearly half a decade now.
You know good & well FRB members don't "forget" to say anything in prepared remarks.
ReplyDeleteI'm amused by the Chairman's emphasis on employment in these remarks, yet he & his colleagues @ the FOMC have ignored that side of their dual mandate for nearly half a decade now.