From Unicorn Farts, Which Is the Best Kind
Bill Quick

Fed’s Charles Plosser on ‘risky’ policy, watching wages

Fed’s Plosser: Need to be responsive to data not calendar time

Charles Plosser, Philadelphia Federal Reserve president, discusses interest rates, with CNBC’s Steve Liesman. Plosser is concerned with the lack of reaction to changing data.

The Federal Reserve’s current policy on interest rates is too “risky” and could lead to “traumatic” consequences, one of the Fed’s most outspoken hawks said on Thursday.

Oh, shut up, you racist.

We all know that free money isn’t risky. It’s Obamamagic!

Posted in Economy permalink
Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

From Unicorn Farts, Which Is the Best Kind — 2 Comments

  1. Yannow, increasing equity prices are a sign of a healthy, growing economy.

    Increasing wages, however, seem to be a sign of a dangerous inflationary situation.

    No, I make no assumptions, I simply note the irony.

    Which, naturally, make me some kind of Commie-symp or something.

    I own a few equities, and have worked for wages. I’m torn, pulled between being manning the barricades and storming the barricades.

    I think that I’ll just go sit in the corner and sip an iced tea.

  2. Huh. And here all along I thought that stock prices ought to increase based on the success of the companies, and that same success also allowed those companies to raise wages as well.

    Presto! No barricades in capitalism!

    But what do I know? I’m just a racist who hates Obama and his gang of leftists.

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