George Carlin and “Quantitative Easing”

BIA Commentary and Opinion

Now that the printing presses have been  warmed up and the “Quantitative Easing II” ship is set to sail, I can’t help but  think of  the old George Carlin bit  “On  Euphemisms” where Carlin laments the use “of words that conceal the truth” and ponders  how the term Battle Shock  (WWI) became “Battle Fatigue “(WWII),  which became “Operational Exhaustion” (Korea) which became “Post-Traumatic Stress Disorder” (Viet Nam).

Of course Quantitative Easing is just a “Euphemism” for printing money and the Fed has been signaling a second round of “Easing” for some time now.

Printing money has not worked throughout history, and it won’t work now. After all if it worked in the aftermath of September 2008, why do we need another round now?

But just because it won’t work doesn’t mean it won’t happen.  In fact, from a political perspective the fact that it won’t work actually makes it more likely to occur.  It may even bring about some new investment opportunities for those who are prepared (Of course the next challenge will be to avoid the “wind fall” taxes that some will surely propose in regards to such “ill gotten gains”).

So George Carlin’s opinion notwithstanding, here are some Euphemism’s that may be in our future:

Hyperinflation….monetary velocity surge

Food shortage……caloric intake discipline

Bank run…..community savings balance inquiry

Tax….patriotic contribution to rectify societal injustices

Bailout ….Troubled Asset Relief Program (TARP)…oh wait we already have that..

Crash….rapid deleveraging of previous investment indiscretions

Toilet paper……dual use currency

Feel free to add your own.

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