The Atlantic - Print Mo Money!

MO MONEY MO MONEY

I thought this ATLANTIC article, with it's stack of 200 $trillion bills was a joke.  I mean authored by James Kwak?  Why not Tendai Biti Zimbabwe Finance Minister *snort* But no, Kwak is sincere; responding to Rick Perry's call for Bernanke's head  for treason if he prints more money.. “ But some Republicans are not content with preventing fiscal policy from reducing unemployment. They also want to intimidate the Federal Reserve--a historically independent agency--from using monetary policy to reduce unemployment. Yesterday presidential hopeful Texas Governor Rick Perry said that it would be "treasonous" for Ben Bernanke to "print money" to attempt to stimulate economic growth.     The Federal has a dual mandate to protect both employment and prices. They're doing abysmally at the first. In these economic circumstances, "printing money" is Ben Bernanke's job. The Federal Reserve has a famous dual mandate: maximum employment and stable prices. Right now, they're doing fine at one and abysmally at the other. ("Other?) [Full] ” Disclosure:  If a Federal Reserve truck pulled up to my house and left $200 billion on my porch, I'd spend it.  On gold.