The Bernanke-Krugman Smackdown
"Paul Krugman is now so far into outer space with ridiculous economic proposals that even Helicopter Ben Bernanke recognizes Krugman's proposals as "reckless".
posted on 04/27/2012 4:16:48 AM PDT
Krugman need not worry. Inflation is now and in our future. People unload cash if they have it, maybe buy another gun. Everybody, even Bernanke, maybe not Krugman, knows that we are broke and will inflate our way out of it. Default is not in the cards so as not to collapse the entire financial system. Paying the money back is not going to happen. So inflation it is.
Maybe Krugman does realize this and just wants to speed up the process? No, he thinks that inflation is like a tool, or a lubricant, just spray on the right amount. He doesn't understand inflation psychology because he has utterly no clue how most people survive by hanging on to their jobs and saving despite Bernanke's war on savers.
posted on 04/27/2012 4:33:21 AM PDT
(Jim, please bill me 50 cents for this completely useless post)
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