Thursday, May 24, 2012

FED DROPS INTEREST RATES, ACID AT POLICY RAVE

In this satire, Alan Greenspan and fellow economists are portrayed as hippies and druggies at a policy meeting, in which they do drugs instead of economics.  This pokes fun at the percieved sense of unprofessionalism and overall ineffectiveness of their policies.  The satire jokes that after adjusting interest rates and bond proces, they will just go and do more drugs because they know their policies will not work.  At the end of the article, the author jokes that they set the federal funds rates by "calling out every number they see in front of their eyes", which may be untrue, but entirely possible!

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