UK Treasury Gets £35bn Windfall From QE
"The UK Treasury is to receive a £35bn boost as part of a deal with the Bank of England that will effectively reduce public debt. Chancellor George Osborne and Bank Governor Sir Mervyn King have agreed that the BoE will give the Treasury interest earned through its £375bn economy-boosting programme known as quantitative easing (QE)."
Wow! :) Where oh where did all that interest come from? Distracted from the group-foot we're really aiming at by default? :)
Maybe they won the Fiat Lottery? :)
Citizens, a YouTube "Fiat Humor Channel" would be useful. This sort of nonsense should all be archived for black-humor comedians. We couldn't possibly make it up fast enough. It's likely already past critical mass, and is breaching the Bozone Layer.
This would be equivalent to an Army digging up a new vein of medals, and feeling relieved that they now had enough to get by for another year of so. Only the priesthood of orthodox economists could be this dense, backed by unmotivated masses swallowing one too many faux credential.*
"Ex multis distractions, propriae destructiva, commodum personale." ?
ps: This just in. Breaking news!!! "The NFL has discovered a hidden cache of POINTS, lost for decades behind a scoreboard. The game can continue! Owners, Agents, Free agents & beer vendors all celebrating! Another crisis averted!"
Whoa. Just in time. All sports scoreboards everywhere were about to go blank! Maybe the NFL can extend "point-swaps" with some of the other leagues, who aren't so lucky? After all, we have to protect Free Trade Distractions above all else - or else Merchants everywhere would have to find stable homes.
Switching distractions adroitly, if we get past this NFL crisis, we can move on to the real Fiscal Cliff Notes hanging over the entire gaming world: "Where is Parker Bros. going to get all the Banker Money required for worldwide Monopoly(TM) games?" We obviously can't let them just print their own Monopoly money. That would be saddling future generations of Monopoly players with our game debts! The Idiot's Solution is clear as an empty belljar: we simply have to start living below our monopoly means. We have to practice Oust-erity; banishing adaptive logic by getting rid of anyone who dares suggest it.
ps: ps: As always, we're about to launch yet another version of the "Nation-State Darwin Awards Games," featuring de-selection of the least fit to generate group intelligence. In that sudden death elimination league, how many lost points for a W.C. Fieldsowngoal?
* [Aside: Some, otherwise intelligent people err in seeing the institution of credentialism as a statistical process, missing that a team's success rate may be only as strong as it's least reliable credential. When it comes to an endless adaptive race, the next unreliable credential is always the one that makes an old institution obsolete.]
Credentialism the defer to authority fallacy.
ReplyDeleteAkin to Medieval era scholasticism.