Time to End the Fed, finally admits Evans-Pritchard

[opebo]

But Libertas, we're in a terrible deflation, not an inflation.  We should be so lucky as to be in an inflation!

[opebo]

...railroads, highways, bridges, electric grids, sewer lines, power plants, and pretty walking paths.

Dude, what possible use will railroads, bridges, electrical grids, sewer lines, and power plants be if we run out of energy?  The walking paths might be, but if we run out of energy, most of us will die and the country will return to being one big walking path.

[opebo]

we're in a terrible deflation, not an inflation.

That would seem to be belied by the dollar hitting new 8-month lows.

This is the only thing that is keeping us from really shocking, dramatic, free-fall deflation.  As it is we are having rapid, destructive deflation.  The dollar needs to fall much more, and many more need to be printed if that's the way we want to go to prevent the collapse.

We should be at around 20-25 baht/$, $1.70/euro, about 5 yuan/$, and about 100 yen/$.

[opebo]

lolpeopleworryingaboutinflation

LOL, I know, those stupid middle class idiots worrying about their futures. Don't they know being robbed on behalf of big banks is a good thing?

Dude, the banks are only a tiny fraction of the problem - the problem was capitalism.  Without ongoing, heavy-duty government involvement in the economy, primarily to counteract inequality, the economy cannot function optimally.

[opebo]

Correct, Lief.  All but the very rich are mere twigs floating along with the State-dictated economic current, and 'personal responsibility' has virtually no bearing on economic well being.  Libertas is living in a fantasy world, but alas, its the one accepted as real by the majority of americans.