It's actually possible that Fed is causing some problems with policies which are mostly about goosing asset prices and feeding the banksters - policies I support in the absense of a viable alternative - but Hoenig has never seen a moment were zombie inflation unicorns weren't just around the corner.
If I ran the zoo we'd have a massive one time helicopter drop, but I don't.
...housekeeping: comments links seem to be fading in and out, that's a disqus-side thing, but you can just click on the timestamp permalink to have access to the brilliant wit of my commenters.
