The Chicago Fed opened its mouth and revealed just how fucking inept, out of touch and economically incompetent they are.
Unemployment is 23.1% and inflation is over 10%, and wages are circa 1970.
He thinks they can inflate the dollar (over many years) and wipe away the debt. It’d work IF they didn’t off-shore our jobs. You can’t have that much inflation without increasing workers’ wages, and with 23.1% unemployment there is no way in hell that wages are going to come up.
These morons are fueling the #OWS movement.
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