Tweets from Doctor Kapital
Doctor Kapital is tweeting from the monthly meeting of EU Finance Ministers:
- "Bernanke wants you to save. There is an old-fashioned tool to encourage this. It is called an interest rate."
- "The beauty of Keynesianism is that the cure is the same as the disease. Americans should find this story to be of considerable interest."
- "When German central bankers start making jokes, we are in deep trouble."
- "Your assets are in dollars, your liabilities are not. I'm not sure China thought its cunning plan all the way through."
posted by The Front at 9:04 PM
2 Comments:
That's it. I resolve to save my....um..15...20..30.7, $37 in a savings account. At 1.6%, in 20 years, I'll have enough to order the cost of a pizza in 20 years.
Yeah, let's raise interest rates. Unemployment is only at 10%.
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