Slow, Horrible Spiraling Death Of An Economy By InflationSyndrome(Mogambo)

[Tace]

Richard Daughty, the angriest guy in economics -- World News Trust

Sept., 26, 2006 -- Total Fed Credit was up a couple of billion bucks last week. Not too bad, but not too good, but more bad than good, as I am, like Goldilocks, always 100 percent dead-set against anything that doesn't perfectly suit me personally.

Unlike Goldilocks, however, I not only take lots of loaded large-caliber weapons with me when I go snooping around in the houses of bears, but I also extrapolate beyond mere porridge temperature and bed softness to lots of other things, including inflation, which should always be zero. And if inflation is greater than zero, then inflation is much more terrible than some unarmed bear. And if it is NOT zero, then it should be falling gently below zero, so that prices are actually drifting softly down, increasing everyone's standard of living the whole time.

This "increasing standards of living" thing is the now-broken promise of the whole "productivity revolution" that was supposed to "more than offset" the horrors usually produced by anyone attempting the monumental stupidity of the fiat currency/fractional-reserve banking/monetary and fiscal insanity of the last few decades. Hahahaha! Wrong, as it turns out! Hahaha!

Any increase in Total Fed Credit, like any increase in expansion of my arrogant, autocratic, cruel-yet-dictatorial domestic rule eventually leads to unexpected bad, bad things (UBBT). For example, some of these bad things are sudden "tipping points," like when you stand up, slowly lean over, farther and farther until, suddenly, you lose your balance and fall on your face.

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http://www.worldnewstrust.com/index.php?option=com_content&task=view&id=243

[skids]

1. He's a despondent curmudgeon...

...and often off the mark politically, but I still love me some Good Ole Mogambu Economic Ranting (GOMER).

[Tace]

2. Yes I Look Forward To My Weekly Dose Of GOMER Each Wednesday

: )

[shrike]

3. Actually, it's the only thing that'll stop Bush

It'll all have to fall apart.

[Demeter]

4. But Will It Fall Apart Before The Country Does?

I have my doubts.