A Pronounced Trend of Deflation in Fed Chair(wo)men

Adam Taggart
By Adam Taggart on Tue, Nov 5, 2013 - 7:03pm

Pretty funny tweet:

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4 Comments

AnglianBill's picture
AnglianBill
Status: Member (Offline)
Joined: Nov 18 2013
Posts: 2
Yellen

Is there a correlation between height and Fed interest rates/dovishness?!

jtwalsh's picture
jtwalsh
Status: Gold Member (Offline)
Joined: Oct 1 2008
Posts: 268
Could do worse

At least, from the story, Frodo Baggins appeared to be an Austrian as concerns economics.  Yellen certainly is not.

If Larry Summers had gotten the nod from the president we would have had to put up with years of Darth Vader jokes.  (Come to think of it Yellen looks a little bit like Yoda.)

AnglianBill's picture
AnglianBill
Status: Member (Offline)
Joined: Nov 18 2013
Posts: 2
How is Frodo an Austrian? Not

How is Frodo an Austrian? Not that I'm disagreeing, it's just a connection I never made.

jtwalsh's picture
jtwalsh
Status: Gold Member (Offline)
Joined: Oct 1 2008
Posts: 268
Frodo Economics and Politics

I shudder to think about the bashing I may take from both followers of Tolkien (not to mention JRR Tolkien’s own ghost) and followers of Austrian economics for this; but here it goes:

In a rather sloppy mental process, I analogize Frodo as the rugged individual and Sauron, the ring bearers, and the rings as the ultimate controlling, interfering, government/banking system/corporate autocracy.  By rejecting the power and influence of the one ring, Frodo is the ultimate individual rejecting control from above.  In a way it reminds me of Mises and his rejection of socialism and embracing of free markets.

As I said. Sloppy.

On another note, I love Tolkien and C.S. Lewis.  I read many of their work as an undergraduate and they (along with a school full of Dominican Fathers) shaped my views about much of the world.

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