6.9 C
New York
Friday, March 29, 2024

Another Mainstream Media Article: Hmmmmm (Inflation)

Another Mainstream Media Article: Hmmmmm (Inflation)

Courtesy of Karl Denninger at The Market Ticker 

Heh, this is getting to be a pattern….

"The problem I have with QE2, is it behaves like a tax on the consumer," said David Giroux, a fund manager at T. Rowe Price. "People want to believe it’s a free lunch for the economy, but it’s definitely not. Next year, we’re going to be paying more at the gas pump and the grocery store."

Yep.

Now I am a bit foggy on my History Class in High School, but I do recall that somewhere in the last couple hundred years we did have a wee dust-up with some folks over taxation without representation.

Can someone explain to me what representation I have on The Board of Governors of The Federal Reserve?

That could be a wee problem if people came to understand what Bernanke is actually doing to them and it’s not an accident – but rather a fully-understood and expected outcome, no?

Just asking….

Disclosure: Long LEAP CALLs on Boiled Rope futures (/BRFU) 

1 COMMENT

Subscribe
Notify of
1 Comment
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

1
0
Would love your thoughts, please comment.x
()
x