Tuesday, April 26, 2011

Fuzzy Math

This from a Dick Black Facebook post:

"If you put $10,000 in the bank last November, it's worth just $9,000 today. Isn't Ben Bernanke the greatest? It's called Zimbabwe-nomics. Just print all the cash you need. Liberals are so smart."

Huh?  The inflation rate is nominal (but, of course, so are the interest rates), so I just don't get what the heck he's trying to say especially since the term "Zimbabwe-nomics" is not used, well, anywhere.  Guess I'm not as smart as the liberals he references.

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