You might consider a new model

Mike Shedlock borrows future Fed chairwoman Janet Yellen’s economic model to extrapolate the future:

Here is a summary of what will happen based on projections of Yellen’s model:

The Fed created 3.5 million jobs.
The Fed bloated its balance sheet by $2.3 trillion to do so.
It takes $657,142.86 in balance sheet additions to create a single job.
It takes the same $2.3 trillion to lower the unemployment rate .5%
The Fed’s balance sheet will reach $18.4 trillion by the time the unemployment rate drops to 5.9%
It will take another 3.5 years to get to a “full employment” situation with an unemployment rate of 5.9%.

If Yellen’s model holds, Nate’s hyperinflationary scenario would certainly appear to be in full E-F-F-E-C-T. Of course, at that point, the Fed would own literally the entire U.S. economy, Federal debt would increase from $8 trillion to $22 trillion and the Employment-Population ratio would fall to 52.3 percent. So, I’m just going to go out on a limb and predict that it will not, in fact, hold.

Doesn’t it just fill you with confidence that the people who hold such power over the economy and your own economic well-being are so unspeakably competent?

The dessicateddesiccated tree of liberty

A CBS News poll reveals the spineless nature of the sons and daughters of the American Revolution:

while three in four Americans say violence against the government is never justified, 16 percent say it can be justified — the same percentage that said as much in April. Twenty-eight percent of Republicans said such violence can be justified, compared with 11 percent of Democrats and independents.

Government is founded upon violence, which is why the Founding Fathers, who quite clearly believed that violence against the government was justified, also believed it was vitally important to limit government very strictly. And it is why no one who believes that violence against the government is never justified should be permitted to vote in America, hold political office, or work as government employee. It is an intellectual position that is about as fundamentally un-American as it is possible to hold.

Remember, the present U.S. government is asserting it has the right to assassinate American citizens without trial or even arrest, the U.S. Constitution notwithstanding. This naturally leads to the obvious question: if one accepts that the federal government possesses the right to murder Americans that it presently asserts, (and which is clearly not limited to it under the Constitution), on what rational grounds can anyone complain about individuals like Jared Loughner exercising exactly the same right?