Skinny White Guy

The Federal Reserve Board meets on September 20th. Who knows what Ben and the boys will do? The Skinny White Guy tracked down someone who might have some insight. Before retiring to pursue his two passions full time (origami and motocross racing) the Big A was the man at the helm at the Fed.

"Big A," asked the Skinny White Guy,"What do you think is in the cards?" In his usual blunt fashion the former Chairman got to the point.

"For this country's first century and a half, government was only peripherally engaged in what we currently term the management of aggregate demand. Any endeavor to alter the path of private economic activity through active intervention would have been deemed inappropriate and, more important, unnecessary. In one of the more notable coincidences of history, our Declaration of Independence was signed the same year in which Adam Smith published his Wealth of Nations. Smith's prescription of letting markets prevail with minimal governmental interference became the guiding philosophy of American leadership for much of our history."

"So Mr. Chairman, what do you think Ben and the boys should do?"

"Skip the meeting and play golf," he said. "For the good of the Country.'

Later, he discussed the ramifications with Wall Street executives and brokers.

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