Roger’s Rules

By Roger Kimball

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Maybe you should listen to Rush Limbaugh after all

January 29, 2009 - 6:36 am - by Roger Kimball
TTB
2009-01-29 12:42:08

All you have to see is this chart of the expansion of the monetary base, courtesy of the St. Louis Federal Reserve, to know just how deeply sc***ed we already are. See that vertical line at the end?

http://research.stlouisfed.org/fred2/series/AMBNS?cid=124

Wait for this little bomb to work its way through the economy. Bobby Mugabe is doing it better- bread there is up to Z$35,000,000 a loaf- but Dubya and The One have us on the way.

And everyone is celebrating the end of free market capitalism. We are in deep, deep kim chee.