Because if the Fed Knows How to Do One Thing, It’s How to Have Meetings
Courtesy of Jr. Deputy Accountant
The Federal Reserve will hold a conference next week on financing for small businesses.
The Fed on Wednesday announced the conference, which will be held Monday. Chairman Ben Bernanke is scheduled to make opening remarks.
The Fed is sponsoring the event to discuss strategies to improve access to credit for small businesses.
Hopefully Zimbabwe Ben‘s opening remarks go something like "Hey, small business, if you would like a piece of this, back your truck up to the back door" since he’s giving it away for free. Devaluation is his only way out I hear and what better way to do that than by handing it out? Sorry, having a meeting about handing it out and then handing it out.
Please. We all know what happens at these so-called meetings. Sometimes Federal Reserve events are, sadly but not surprisingly, behind the curve. This one should be called the Free Money Symposium and Bernanke can discuss modern money mechanics (I print it, you spend it) and how small business owners can get a piece. Maybe they should be allowed to borrow easy money directly from the Fed at .00000000000001%, that would easily accomplish Bernanke’s other job of keeping unemployment low. Win for everyone surely.
