Goldseek.com: Central Banks Are Lying Wiith Statistics : The Tremors of Economic Calamity - by Richard Daughty
Central Banks Are Lying Wiith Statistics : The Tremors of Economic Calamity - by Richard Daughty
"Central banks are not a success, but are a gigantic failure, and they fooled everyone for a few years with their new calculations ("lying with statistics") of inflation in prices, mostly thanks to the nefarious machinations of the despicable Michael Boskin (who is a professor of economics at Stanford, which apparently has a "hire the amoral and evil" policy as some sort of weird "diversity" program), performed at the behest and assistance of the utterly loathsome Alan Greenspan, then chairman of the Federal Reserve, who is even more amoral and more evil. Naturally, this brings up a delicious quote from Michael Barone and immortalized by Investmentrarities.com; "America's colleges and universities have become, and have been for some decades, the most closed-minded and intellectually dishonest institutions in our society."
"So you think to yourself, "Hey! These clever Economist guys understand the enormity of what is happening and how the damned central banks of the world are creating the destructive beast of inflation by creating so much money and credit, especially the loathsome Federal Reserve of the United States! So this ought to be good!" So imagine my dismay when I got to the idiotic essay titled, "Only human", which contains this absolute gem of abject ignorance; "the Great Inflation of the late 1970s gave way to an age of low, steady inflation thanks in large part to the skill with which central banks learnt to steer policy. Hahaha!"
Labels: World Economy
