Unicorn Killer Slays Ben Bernanke
Ira Einhorn was the predecessor to today’s Occupiers: a dirty hippie with rage issues. Like the Occupiers, he was celebrated by the elitist establishment, and given a fellowship to Harvard’s Kennedy School of Government. In 1977, he beat his girlfriend to death and stuffed her body in a trunk he kept in his closet for a year and a half before the neighbors started noticing more than usual hippie stench. Einhorn had given himself the hippie name “Unicorn” after the translation of his German last name: “one horn,” and since has been known as the “Unicorn killer.”
Unicorn Jr. at ZeroHedge:
A Jelly Donut is a yummy mid-afternoon energy boost.
Two Jelly Donuts are an indulgent breakfast.
Three Jelly Donuts may induce a tummy ache.
Six Jelly Donuts — that’s an eating disorder.
Twelve Jelly Donuts is fraternity pledge hazing.
My point is that you can have too much of a good thing and overdoses are destructive. Chairman Bernanke is presently force-feeding us what seems like the 36th Jelly Donut of easy money and wondering why it isn’t giving us energy or making us feel better. Instead of a robust recovery, the economy continues to be sluggish. Last year, when asked why his measures weren’t working, he suggested it was “bad luck.”
I’ve often commented on how central planners, macro-economists, and liberals (but I repeat myself) fail to understand the incentive effect. The world would be a lot better off if Ben Bernanke took a remedial Micro-economics 101 course.
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