October 22, 2007 1 Comment
…I pass along my latest Austrian-”inspired” drive-by, prompted by a caricature of Fed chairman Ben Bernanke’s presumed intention to inject ”liquidity” into the rattled credit markets (attached image), sent to me by my roommate at Hillsdale College (1980-1), a Misesian-Austrian economist…. Only those ignorant of 1970s pop lyrics are assured of being spared the worst.
Bern, Baby, Bern (Fiscal Inferno), or –
Benny and the Debts! *
*You know I didn’t read it in a magazine…**
**And ever since our ”raining”, pennies-from-Heaven monetary carjackers began to sing along to ”Goodbye, Yellow Brick Road”, abandoning (g)old standards in favor of ”payola”, they’ve made the nation’s Brink’s trucks as vulnerable to blowouts as a candle in the wind…***
***At least one band had the better part of hard-money wisdom in singing ”Give me silver, blue and gold”, which is not Bad Company to find yourself in when inflation is rampant – dunno about the ”blue” part, but, hey – ”two out of three ain’t bad”, or, Half a (Meat) Loaf is Better Than None…