Friday, January 15, 2010
I guess it shouldn't surprise anyone that Ben, an academic with no experience at all, didn't consider that his helicopter might meet a mob of angry lenders, not willing borrowers, as our economy collapses into a mega-depression.
Ben's childlike idea was that if you load up a helicopter with cash for sale, people will always trample themselves to buy it. How stupid. I guess Ben never considered that people might empty their bank accounts and mob the Treasury window to lend at 0% (a cool 100% return every time prices halve), instead of borrow into his uber-depression. Meanwhile, Ben waves from above, confused and disoriented.
The economy has collapsed. The next wave of fireworks has begun.
Posted by fdralloveragain at 10:00 PM