Monday, April 19, 2010

Debasing the Dollar and Yellen About a Fed Policy, By The Mogambo Guru

To show you how prescient I am, I had earlier written a column about how I was horrified at the thought that Janet Yellen – currently running the San Francisco, California, Fed Bank into the ground – would become vice-chairman of the Federal Reserve, mostly because I am repelled by her ridiculous brand of economics, an opinion borne out by how she has been consistently wrong all these years until, well, just look around you. And at California!

I had, however, deleted it, mostly because it was just a long string of obscenities about how much this buffoonish woman horrifies me and how her low-IQ, neo-Keynesian econometric quackery is what got us into our perilous economic shape.

The Wall Street Journal, of course, did not report “The Mogambo is horrified by Janet Yellen, and compares her to Satan, or a foul demon from hell, who is destroying the dollar with evil lunacy by agreeing that the Fed should create So Damned Many (SDM) of them, and when told that this was impossible because Satan was a man and Janet Yellen was a woman, said, ‘Maybe Janet Yellen is actually a man, making it all the more weird! Can’t you see that, you morons?” (more)

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