VitalAccurateThinking

I Wish I Wrote That

Megan McArdle is smart, funny and tall "Helicopter Ben fires up the engine":

"the Fed is going to buy up about $1 trillion worth of securities in order to flood the market with new money. Do any other old codgers out there in my audience remember back when $1 trillion was a noteworthy figure, rather than the minimum price needed to get people to take your policy seriously?

Nice. Or, a trillion here, a trillion there. Pretty soon, you are talking about real money.

posted by Jim VAT @ 2:23 PM