Thursday, November 11, 2010

Economic Thought of the Day

"You know, as I ponder the new Fed policy of 'Quantitative Easing', or QE3 for cuteness, many questions come to mind, like 'How much will the silverware fetch on the black market', and, 'Does cat really taste like chicken,'" writes Thomas — a calm reflection on recent actions by the federal reserve...

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3 Comments:

Blogger Mark in Spokane said...

Well, I can tell you one thing, when worst comes to worst, my Filipina mother-in-law can make something edible out of just about anything. Not cat, but any culture that can come up with balut is a culture of survivors!

2:40 PM  
Blogger Francis Xavier said...

Japan did a whole lot of "quantitative easing" in the 90s to bail its immensely powerful banks out without creating universal destitution.

6:12 PM  
Blogger The Western Confucian said...

Mark, reminds me of Korean budaejjigae, literally "army base stew," born of the Korean War when Korean would dumpster dive outside of American bases. That's why spam gift sets are still so popular here to this day.

Francis Xavier, one difference is that Japan was and is still making stuff.

11:38 PM  

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