MOGAMBO GURU: The Overpowering Stench Of A Looming Disaster Writ Large

[Tace]

Richard Daughty, the angriest guy in economics -- World News Trust

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But screw these foreigners! It is inflation that I am yelling about! Perhaps you will find it particularly instructive if you watch my lips when I tell you that it is inflation in prices that causes societal misery, as people listening to their children crying in hunger usually starts to wear on your nerves after a very short while. And that is why the Founding Fathers were careful to write into the Constitution that money shall be ONLY of silver and gold. To prevent inflation!

But the Founding Fathers are just a bunch of old, dead white men, while I am an old, live white man carelessly toying with a loaded, large-caliber handgun, so perhaps you should listen to me, and I, too, say you can only prevent price inflation by preventing monetary inflation, which you get when you let banks create excess money and credit out of paper and electronic digits. But since nobody can create gold out of thin air, you automatically prevent price inflation by preventing monetary inflation!

The first time I ever heard of this idea of benefits theoretically derived from constantly increasing the money supply, by constantly increasing debt, I made an almost fatal Mogambo mistake of analogy (AFMMOA); I figured, using this terrific logic, that the more weight I gained, financed by increasing debt, the more my family would love me! I admit that I was, at the time, desperate for even a flicker of a chance of getting any love from that crew of twisted, hateful boneheads, and was willing to try anything if it would shut them up for five lousy minutes.

To make a long story short, I learned that getting to be really, really obese is, alas, not a way to make your family love you. And I further discovered that when they threw objects at me, they apparently couldn't miss a target that big.

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http://worldnewstrust.org/modules/AMS/article.php?storyid=3977

[TrogL]

1. while entertaining, Mogambo is a gold bug through and through