Loose Janets sink planets
By W.C. Varones - October 13, 2014
Even the dummies at the IMF are catching on to the idea that you can't solve all the world's problems by printing infinite amounts of money.
“What we see is extraordinary risk-taking in the financial markets while in the real economy risk-taking has taken a holiday,” said Claudio Borio, a senior economist at the Bank for International Settlements, a clearinghouse for global central banks.
Independent Accountant said…
Ah, the Keynesian multiplier. What is it? The secularist version of the story of the loaves and the fishes. Free food for all.
10/14/2014 6:12 AM
JohnJEnright said…
Nice rhyme!!
10/15/2014 6:53 PM
Loose Janets sink planets
By W.C. Varones - October 13, 2014
Even the dummies at the IMF are catching on to the idea that you can't solve all the world's problems by printing infinite amounts of money.
“What we see is extraordinary risk-taking in the financial markets while in the real economy risk-taking has taken a holiday,” said Claud
io Borio, a senior economist at the Bank for International Settlements, a clearinghouse for global central banks.
Independent Accountant said…
Ah, the Keynesian multiplier. What is it? The secularist version of the story of the loaves and the fishes. Free food for all.
10/14/2014 6:12 AM
JohnJEnright said…
Nice rhyme!!
10/15/2014 6:53 PM