“This statement was Big News. It was such Big News that the Wall Street Journal ran a story on it. Why? Because when a regional Federal Reserve Bank president says the obvious is Big News, it means that he is opposed to tapering. It means that he thinks the counterfeiting of a trillion dollars of digital money a year is for wimps. What should the rate of counterfeiting be? He did not say. They never say. Their lips are sealed. This is what is known at the Federal Reserve as transparency. Opaqueness is when an official says something incoherent, which everyone in the media knows is incoherent, and they dutifully report as meaningful.”
http://teapartyeconomist.com/2013/09/05/fed-president-says-fed-inflating-enough/
Related posts:
Renouncing US Citizenship, for tax and political reasons
Court Grants Order to Freeze Hashfast’s Bitcoin Wallets
Israel Planned To Blow Up Passenger Plane In Arafat Assassination Plot
Foreign direct investment: Ireland’s 50 year overnight success story
Culpeper Cop Who Shot and Killed Patricia Cook Sentenced to Three Years in Prison
Canada: City To Pay $200k For Photo Radar Propaganda Campaign
Blockchain CEO On Apple's Arbitrary Ban Of Their Bitcoin App
Germany: Parliamentary inquiry declares Bitcoins tax-exempt after one year holding time
Yes, Gun Control is Racist
Lemonade Stands Legalized in Utah
Plunder-Lusting Quislings Seek to Repeal Posse Comitatus
Germany’s Green-Energy Disaster
Student Loan Debt Growing, Along With Delinquency Rate
Wash. state bill allows police to search students without parental consent
The Top 4 Lessons of the Cyprus Debacle You Shouldn’t Have to Re-learn