This past week Federal Reserve Chairman “Helicopter Ben” Bernanke instituted a third round of quantitative easing (mercifully abbreviated QE3) as an interim non-solution solution to the nation’s economic recession.
QE’s 1 and 2 were turkeys, and there is little reason to believe that QE3 won’t also gobble.
So here’s some friendly advice to Helo Ben: Before you go any further, watch the last few minutes of the 1978 Thanksgiving episode of “WKRP in Cincinnati”. Think of it as a prescient training film, Ben. And please, pay particular attention to the statement of WKRP station manager Arthur Carlson (character actor Gordon Jump) as the closing credits begin to roll.
“As God is my witness, …”