tag:blogger.com,1999:blog-2098432983500045934.post6931763078434379918..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Le Massena: Paint in a BarrelThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2098432983500045934.post-7560189394618454132012-10-05T20:04:22.901-04:002012-10-05T20:04:22.901-04:00Hey, Nute. Yeah, my wife would want me to paint so...Hey, Nute. Yeah, my wife would want me to paint something. She would put the paint, the paintbrush, and the something all on the credit card!<br /><br />But if the Fed wants somebody to hold money, I'll hold it for them. And there is NO limit to how much money I am willing to hold.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-60029708395857513152012-10-05T16:40:56.715-04:002012-10-05T16:40:56.715-04:00If you put more paint in the barrel than the barre...If you put more paint in the barrel than the barrel can hold, something has to givenanutehttps://www.blogger.com/profile/04526158764171117978noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-27181655489837141002012-10-04T18:51:17.131-04:002012-10-04T18:51:17.131-04:00... and QE++
... and QE++<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-60566218906970930112012-10-04T18:50:17.170-04:002012-10-04T18:50:17.170-04:00Jazz, I was thinking Excess Reserves. I think pain...Jazz, I was thinking <i>Excess Reserves</i>. I think paint-in-a-barrel is a severely excellent metaphor for excess reserves.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-27479015516865119972012-10-04T18:46:17.745-04:002012-10-04T18:46:17.745-04:00But NOW, it's even worse . . .But NOW, it's even worse . . . Jazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-61178666858752233882012-10-04T18:45:26.594-04:002012-10-04T18:45:26.594-04:00The metaphor is severely flawed. Now, like then, ...The metaphor is severely flawed. Now, like then, the problem isn't a lack of things to paint. It's an unwillingness to dip a brush.<br /><br />But not it's even worse. I lacking the wit to continue the imagery, but now pouring more money into the system doesn't result in it siting idly like paint in an unopened can. It results in more of the same highly leveraged speculative ventures that caused the problem in the first place.<br /><br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-18756942867518223752012-10-03T18:32:40.100-04:002012-10-03T18:32:40.100-04:00Hey, Gene. I had the same reaction as you. :)
Lot...Hey, Gene. I had the same reaction as you. :)<br /><br />Lots more Depression-era quotes in the Kaminska post at FT.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-57116206393356217472012-10-03T08:06:41.157-04:002012-10-03T08:06:41.157-04:00Love it! Gonna steal it. :)Love it! Gonna steal it. :)GeneHaywardhttps://www.blogger.com/profile/08848814178464097668noreply@blogger.com