Tuesday, December 16, 2008

What Does the Zero Percent Interest Rate Mean?

Bernanke + Krugman = Zero!



Zero interest rate: In the 1990's Krugman advised Japan to go to a zero interest rate or even to go negative! Bernanke can fulfill his wildest dream of becoming helicopter Ben once the interest rate is zero because then he has only the one option - massive 'liquidity' by dumping titanic amounts of dollars as if dropping them from a helicopter.



Bernanke + Krugman = Zero!



Zero knowledge of economic science. Their training is as empiricists but in a field that is subjective. They are like androids with little common sense and no human sensitivities pretending to represent infinitely complex humans who have unpredictable and flexible actions.



Bernanke + Krugman = Zero!



There is not a trace of ethics in either and the sum of two zeros is zero!