Tuesday, May 17, 2011

Word games

Thomas Sowell has an excellent piece on the Fed and its shenanigans:
When people in Washington start creating fancy new phrases, instead of using plain English, you know they are doing something they don't want us to understand.
It was an act of war when we started bombing Libya. But the administration chose to call it "kinetic military action." When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it "quantitative easing" of the money supply. (Read more of Fed Up with the Fed?

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