Tuesday, April 26, 2011

Quantitative Easing for Dummies

Legal Insurrection has a nice post on Quantitative Easing. I could not help myself, I had to put in my two cents worth.

Putting Galls Law, the Evil Overlord list #12, and Matthew 11:25 into one smoothly-integrated post will be tough, but here goes.

Anybody who listened to the Administration try to summarize their Quantitative Easing plan realized very quickly that QE had a solid disconnect between Cause and Effect. Galls Law states “A complex system that works is invariably found to have evolved from a simple system that worked…”. Since this complex system had no basis in a set of simple well-working systems, any attempt at summarization looked very screwy, very fast. Any rational Evil Overlord attempting QE in their scheme for World Control would have passed this by a 5-year old child and promptly disciplined the minion who came up with it (might I suggest sharks with laser beams on their heads).

This is not a recent insight either, a student of history should be well aware of the phrase “you have hidden these things from the wise and learned, and revealed them to little children”

Might I suggest that our president run his ideas past a few young children next time, before dumping billions of taxpayer dollars down the rathole.