Dear Maurice, You are right.
We must not put any blame, however apportioned, on the world's top central banker, for all that has taken place under his watch, while he was reading the George Gilder Telecosmic Report.
There were a lot of thoughtless leaders and clueless cheerleaders through out history that led and allowed zombies under their care to come to ill end. Should we blame these leaders, even a little bit, when we can blame the mindless zombies for following the thoughtless leaders? No, of course not.
It is s nice to have a central banker who refuses to talk about currency value, goes by the judgement of equity analysts by names like Meeker and Blodget, and prescribes two aspirin and a rate cut for every ailment. My goldfish can do the job at half the pay and none of the adulation, and it does not need a knighthood to feel like a man.
Chugs, Jay |
