Tuesday, February 14, 2012

Romancing The Fed

Said Bernanke, crimson with passion,
In fine professorial fashion,
"If liquidity's lacking,
With central bank backing
I'll try to inject some more cash in."

Who says there's no romance in monetary stimulus? Those outside of the Twitter econosphere may not know that the network was recently swept by a wave of #FedValentines, as the trend was hashtagged. It began with Penn economist Justin Wolfers, who tweeted: "Like fiat money, our love is built on trust." White House economic adviser Austan Goolsbee chimed in: "Roses are red, violets are pink, don't listen to gold bugs – no one cares what they think." My personal favorite belonged to the FT's Alan Beattie: "I'd like to borrow you overnight and then hold you to maturity." Not to be outdone, Dr. Goose contributed: "If you're not ready for a liquidity injection, I'll understand."

Happy Valentine's Day to economists everywhere, and all the nerds at heart!

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