Tuesday, October 4, 2016

The rogue and a chestnut

Kenny the carving knife

"During US President Richard Nixon’s 1972 re-election campaign, he sternly lectured Fed chair Arthur Burns on the need for pump-priming the economy to help him defeat his Democratic challenger, George McGovern. Nixon won resoundingly, but Burns’ policies helped set off the worldwide inflation of the 1970s and brought forward the breakup of the post-war system of fixed exchange rates. The long-term effects were catastrophic."

The serpent in the garden story of our present exile in our own contrived land of nod 

I love it
But I more then jus wonder at it

I chafe