The Deutsche Bank is considering printing more money and the French Central Bank is thinking about selling a large measure of its gold bullions. Allegedly to fight the crisis. If increasing inflation would be a proper cure for it, these plans would make a lot of sense. Not too long ago the FRB's president suggested to print money and drop it from helicopters over the big cities in the US. This proposal earned Ben Bernanke the nickname 'Helicopter Ben'.
It looks like a special type of logic is applied in the upper echelons of corporate society. Or perhaps I should paraphrase the late, great Zappa here: Logic isn't dead! It just smells funny.
No comments:
Post a Comment