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Wednesday, 27 April 2011

What do Quantitative Easing and the Ozone layer have in common?

"Fears that struggling eurozone nations will not be able to pay their debts intensified as official data showed the hole in Greece's finances was bigger than thought.", says the Telegraph.

Who'd've thought it?

These ingenious posters (below) are not impressed ...


15 hours ago
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Which reminds me - anyone heard anything about the hole in the ozone layer recently?
14 hours ago
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gordon brown and ed balls have suggested creating even more ozone and pumping it into the hole as this will solve the problem aparently.........
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[clearing up the coffee splatterings from my screen]

4 comments:

Silverfiddle said...

If we had an education secretary named Ed Balls, our kids would never stop laughing...

But seriously, we're printing money like crazy and then we wonder why the Saudis are jacking up the price of oil, which is a dollar denominated currency.

Has no one in the US government or the fed heard of Murray Rothbard?

Trestin said...

They have heard. They are doing it on purpose. Cloward and Piven.

Fausty said...

You Americans have more balls than we do, Silverfiddle! I'd wager that your 2nd amendment aids in that department. It's a pity we were too lily-livered to resist being divested of our guns. I hope you and yours fight to the death to retain those rights!

Bernanke tried to blame inflation on the rise in the oil price. Evidently, he was counting on an uneducated society being unable to figure that his QE programme was directly responsible for the rise in commodity prices.

I despair!

Definitely, Trestin.

Ted said...

Actually, I have heard something about the ozone layer recently. Fellow British blogger Time Traveller had a report that some IPCC folks are saying that the enlarging ozone layer hole may have contributed to global warming.

So now we have the ozone hole, urban heat island effect, and natural temperature fluctuations in the mix. The amount attributable to carbon-based emissions dwindles by the day.

I said when "Climategate" broke that any scientist or policymaker with a shred of professional self-respect would back slowly to the exit door. I think that's happening.

Perhaps less cause for despair, Trestin?

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