On Centralized Planning and If the State Pays for it Is it Art?

Greg Ransom, the PrestoPundit, has read the Federal Reserve’s statement on interest rates, and, well, Greg says it entertainingly so here’s what he said.

“Read the last unbelievable paragraph and try to think of anything other than a bent over Jim Carrey with his hands on his ass talking out of that end of his anatomy. The Federal Reserve represents the singular fraud of modern academic macroeconomics in its purest form. Simply put, using leeches to cure sick people had a great deal more sound reasoning and solid evidence standing behind it than does the psuedo-scientific yammering of the Federal Reserve and its dissembling army of academic macroeconomists."

Greg also read about Bush’s proposal to increase funding to the NEA. This idea didn’t pass muster either.

“Earth to Bush—you can’t continually multiply government borrowing and explode government spending without destroying the wealth of the country. This is the path every failed South American country has followed. And it’s a path America will find itself trapped upon if Bush & Co. continue to pretend that the laws of economics don’t apply to the United States. All I can ask is, what the hay is going on in Washington? And in George Bush’s head?"

Posted by on 01/29 at 05:25 AM

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