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Mogambo Guru is an Austrian
Economist who writes the weekly Mogambo Guru, "an avocational
exercise the better to heap disrespect on those who desperately deserve
it", and which frequently cites Mises Institute writers. This week, Mogambo
manages to make some very serious observations into a hilarious
commentary about the buildup of debt, the dollar, inflation, and
government lying.
To give a sample,
Then, and I hope you are sitting down for this and have
an IV inserted into you arm that is dripping some kind of powerful
tranquilizer into your veins by the quart, the long-awaited PPI came out, and
the guy who delivered it to me must have glanced at the page and noticed that
it said that prices were up strongly. It doesn't take a genius to realize how
that kind of news is going to affect me, so he just tied it to a rock and
heaved toward the Bunker du Mogambo. It hit the door with a thud and lay
there on the ground. I fired off a few bursts from the Mogambo Machinegun
System (MMS) to suppress any incipient hostile activity, and I quickly opened
the door to the Mogambo Fortress of Solitude and snatched the report up off
the ground and ran back inside. Quickly slamming the door shut, throwing all
the locks and activating the Mogambo Monitoring and Surveillance System
(MM&SS) into Full-On mode, I gobbled down a few nitroglycerin pills as a
wise precaution, and then leisurely read that prices were up for the month,
and by 0.6%. In March, the Philly Fed's prices paid component surged 9.7
points to 53.4. The 'prices received' subindex climbed 3.7 points to 22.6.
Both are at the highest levels in nine-years. My immediate reaction was an
involuntary tightening of my trigger finger as I staggered about clutching my
heart, and then, according to expert testimony, was enveloped in a confluence
of outrage, fear, and panic in doses that were, according to sensitive
instruments developed specifically for the purpose, off the charts!
Of course, there was the rush by
government wonks and the stupid class of people in America, which is the
class known as "American economists," who all decided that prices
going up did not mean that prices went up, and even if they did, then it is
okay, and it is nothing to get worried about, and that it actually meant that
this was the perfect time to buy some stocks or bonds or houses or something.
Robert Blumen
Robert Blumen is an independent
software developer based in San Francisco, California
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