Monday, January 13, 2014

Federal Reserve

Criticism of Fed propaganda video targeted at children.
"Five Things Bryan Doesn't Understand


  1. What money is
  2. Price stability
  3. Exponential math
  4. Who benefits from inflation
  5. That Fed policies are responsible for asset bubbles that grow increasingly larger over time

That's one hell of a lot of things to be wrong about, especially for someone "big on getting our communications right".

But "right" for whom?

There is one more possibility: Bryan does understand some of those things, but instead creates nonsensical videos to keep his job or get bonuses.

It's a tough call, but all in all, I strongly suspect he was hired for his role precisely because he is a brainwashed believer in academic nonsense."
I bet he was hired because he lies without conscience and enjoys it. Nobody climbs high in government by being stupid.

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