Dib - 2010-03-25 He's still around? Those immortality bracelets must work afterall.
pentheus - 2010-03-26 This is actually quite brilliant monetary policy.
the Federal Reserve cannot lower interest rates below zero bound despite whatever the Taylor rule may say rates should be (and by most estimates the Taylor rule told us that at the height of the financial crisis the Federal Funds Rate should have been negative 5%) because at 0% cash becomes a store of value versus short term bonds. One solution to this is to somehow have a negative return on cash.
ALEX CHIU FOR FEDERAL RESERVE CHAIRMAN!!!!
Smellvin - 2010-03-26 Except that the Taylor rule says that rates are currently too low. He's about a year too late.
a flaming monkey - 2010-03-26 Why not just give China and Japan Disney dollars? Japan already has a Disney World to spend it in, and apparently China is getting one soon! Yay! :)
a flaming monkey - 2010-03-26 Better yet, why not fix an actual time bomb to the $$$Patriot Dollars$$$ so that if anyone is dumb enough to actually accept the currency they get blown to fuck.