Lots of humor this weekend. Found this snippet by Robert Murphy,:, who is trying to explain why certain “market monetarists” are bat-shit insane :
(3) Back in 2007, if you asked economists, “Suppose the Fed triples the monetary base in a few years, pushes short-term nominal rates to zero and even negative in fleeting moments, and creates all kinds of credit facilities to bail out banks, do you think this is tight money?” then most of them probably would have punched you in the face.
I know, I know. I’m a nerd.
Haha! Thanks for posting the link I posted on your Friday post. Bob Murphy is a humble, nice guy that gets a lot of flack sometimes, even though he respectfully listens to what his opponents has to say and seems to be friends with several of them from what I can tell. I think he’s even said that he really likes Sumner’s blog despite all the disagreements they have. I even saw a video by one of the loser, douchebag anti Peter Schiff accounts on YouTube with this description of Murphy:
“By the way, would any woman(or man, for that matter) fuck Bob Murphy? That has to be part of his problem. This Austrian/teabagger lot never gets laid beyond its own circle of gay losers. I’m not saying there’s anything wrong with being gay, but I just assume they take advantage of the only opportunities they have.”
These are the people we’re dealing with. Scary. They have no vested interest in calmly wanting to find out the truth.