"It comes from a very ancient democracy, you see ...the people are people. The leaders are lizards. The people hate the lizards and the lizards rule the people........ if they didn't vote for a lizard," said Ford, "the wrong lizard might get in. Got any gin?""
Douglas Adams, So Long and Thanks for All the Fish, 1986
Monday, November 15, 2010
Quantitative Easing Explained
You may have heard the term "quantitative easing" employed (unlike far too many people) lately and wondered what it means. The short answer is "printing money" (like there's no tomorrow) For the longer version, watch the following: