Saturday, October 12, 2013

The spending will never end

Here is an essay about the nomination of Janet Yellen to head the Federal Reserve (sic) Bank, by a person who once worked with her:

http://www.quadrant.org.au/blogs/qed/2013/10/on-planet-janet-the-spending-never-ends

Then and now, she has been just one more specimen of that same macro menace which continues to lead us from one disaster to another. At the OECD her potential for damage was generally limited. If confirmed [to head the Fed], however, there is no end to the harm she might do.

What's that giant sucking sound, you ask? It's your life savings and purchasing power going right down the toilet.

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