Home > Best assets to buy > Watch the pyromaniac keep trying to light the match

Watch the pyromaniac keep trying to light the match

Krugman wants everything to burn, except himself.  And the Upper West Side.

He’s your classic pyromaniac. 

When gold is at $1300 and trending ever higher, he doesn’t call for restraint.

He wants more.

The guy is an insane zealot.  Thank God I’m nowhere near him. 

What I have always suspected is that the real risk the Fed fears is that it will do unconventional stuff but fail to move the economy, and hence lose face — which was the primary reason the Bank of Japan was so unwilling to act back when Professor Bernanke used to criticize it. So it’s important to understand two things: first, this should not be a consideration — the Fed’s job is to save the economy, not its own reputation. Second, half-hearted measures are a good way of guaranteeing that unconventional policy fails.

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