End the Fed: Like, Surreal Man

Saturday, August 29, 2009
Posted in category Uncategorized

Business Week‘s Michael Mandel, who is described as an “award-winning chief economist ” (I always smile at the use of that nebulous term “award-winning”), thinks the campaign to end the fed is on par with a “weird movie.”

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3 Responses to End the Fed: Like, Surreal Man

  1. Jeannie Queenie says:

    August 29th, 2009 at 1:57 pm

    Just arrived this morning in my email…an article on why the Federal Reserve Board is fighting to keep its secrets and warning that to disclose where money went would cause ‘irreparable harm. Hey folks, you remember these funny packages called stimulus plans..the ones that bury the next few generations? Well now “The Federal Reserve Board, despite being ordered to disclose to whom it awarded roughly $2 trillion in discount “stimulus” loans, is fighting to keep the information under wraps as a protected “trade secret.” SO OUR MONEY IS NOW A SPECIAL TRADE SECRET….HOW SPECIAL IS THAT? I CAN’T HELP BUT FEEL THAT THIS ‘TRADE SECRET’ IS THE ‘TRADE OFF’, OF OUR COLD CASH GOING DIRECTLY TO GOVT/BANKS COFFERS.

    “Earlier this week, a U.S. district court judge rejected the Fed’s argument that the names of borrowers are exempt from disclosure under the Freedom of Information Act and ordered the board to release the information by Monday, Aug. 31.

    The Fed’s board of governors, however, has now filed a motion asking the judge to delay enforcement of the order, seeking time to appeal and arguing that disclosing which banks borrowed the funds could lead to a backlash from the banks’ customers and stockholders.” NO SHEET, SHERLOCK!

  2. Brian N. says:

    August 29th, 2009 at 7:13 pm

    ‘Award winning’ is certainly nebulous – if it was the Nobel Prize, I wouldn’t care, but if he won the ‘best Janitor on the factory floor award’ some applause are in order. Custodial work is a real accomplishment, after all.

    The term ‘chief economist,’ now there is a phrase so vast, so murky, so devoid of substantive content that one must truly grope in a void (darker, colder and emptier even than Virginia Postrel’s mind) for answers to fundamental questions about the significance of it! One is not even past the credential drop and already one is spinning free of all tethers hoping for some landmark, some reference, something which will allow one to truly hold on for the remainder of the article. Sadly the damage is already done and the only solution is to listen to Miles Davis and/or Herbie Hancock tunes while sipping a favorite liquor until reality settles back down and the conceptual furniture stops doing the Tarantella on the ceiling.

  3. Bob says:

    August 30th, 2009 at 10:41 am

    Has anybody noticed, as I have, that in all instances of unrest the people who are against Obama’s socialist government run healthcare are the ones ejected from the meetings by the police! Could it be that as union members, the police are playing favorites? Who’s stacking the deck now with organized union groups being given preference in attendance and questioning!

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