12.03.2008

PUSHING ON A STRING

From Badtux, the Snarky Penquin:
"Helicopter Ben has been printing money with all the fervant abandon of a Weimar Republic finance minister. Anybody see anything that looks like economic recovery anywhere in sight?
Pushing on a string, folks. Pushing on a string. If the money isn't making it into the pockets of people willing to spend it (i.e. ordinary people who need jobs), you're just pushing on a string. Money that just sits in bank vaults (or 1's and 0's in their computers nowdays) ain't doing diddly to keep people employed and keep factories rolling."

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