The Floggings Will Continue Until Morale Improves

The Fed has announced another round of quantitative easing – $40 billion a month until the economy improves.  It reminded me of that saying I kept seeing on pirate-themed t-shirts: Floggings Will Continue Until Morale Improves.  Because by printing more money, the fed is lowering the value of the currency (it’s basic supply and demand).  And when the value of the dollar falls relative to other currency, the price of imports that we buy dollars with, like oil, increases.  (Good thing there’s nothing going on in the Middle East that might also put pressure on the price of oil, like, say rioting…  Oh yeah…)

It’s also a good thing the federal government doesn’t include oil prices in its inflation statistics!  That means inflation won’t be going up at all!

Unless you actually pay for your own gas.  Or buy anything that’s transported to your supermarket using gas.  Like food.  But that’s not included in the inflation statistics as well.

Yeah, this is going to make the economy better.


About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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