NY Fed: You Are A Moron

In fact, you are so stupid, they have decided to teach you economics by comic book.

Zero Hedge reports:

The Central bankers of the world continue to demonstrate just how they perceive the general population: as bunch of retarded morons, easily distracted, and fascinated by pictures, colors and gimmicks…

The FRBNY has published a comic book, full of the misadventures of the infamous Darth Inflation. With such zingers as “By discouraging saving, inflation can harm the US economy. That’s because the economy needs a supply of savings to provide the funds for people and business to borrow so that they can invest in the things that help the US economy grow” it is now clear that the entire FRBNY Board is comprised of lunatics, as apparently these people have not heard of ZIRP, QE, 0% interest on money markets and savings accounts, and must have Apple gizmos. Also, as Jon Hilsenrath will hopefully inform his audience with an at least 24 hour advance notice, the Fed is likely currently contemplating using its legislative branch (i.e., Congress) to pass laws allowing negative interest rates, and making hoarding of money and gold a felony.

You can read the most pathetic atempt ever on the side of the Fed to pander to the general population, which incidentally according to broad recent polling, believes not only should the Fed be immediately audited, but also  dismantled, recycled for scrap, and the remains used to plug the BP hole in the GoM.

For my readers that are fascist democrats, I shall explain to-wit what Tyler is referring to.

ZIRP:  Zero percent interest rate policy – effectively penalizes all savers and forces people to either spend or to put the money into high risk investments to afford a return higher than that of inflation.

Gold As Felony:  Under the great warmongering looter President Franklin D. Roosevelt, the owning of gold was made a criminal act.

Thus, such a comic book lauding the virtues of savings while at the same time the Fed is doing everything it can to discourage savings is ripe for some epic comedic value.

For real economics lectures on the despotism of inflation, look here.

Comic Inflation[1]