Why Fed Money Printing Stinks

File under: Everybody knows Berananke is a joke.

Dave Redick, author of Monetary Revolution-USA, emails:

Bob: Thanks for the clarification provided by the cute Swim Suit pose of Ben in your Mar 16 article on Williamson and Paul. I always thought the Fed made money out of ‘thin air’, now I know it is from (discreetly) ‘anal gas’. No wonder the whole process stinks !!