"MARTY UP!"

Liberals Fantasize About Firing Bernanke, And Replacing Him With Someone Who Will Quantitatively Ease Like Crazy

"Will the real victim of Scott Brown's victory be Ben Bernanke?

No, but Democrats are fantasizing about a world where Ben Bernanke doesn't get reconfirmed at the end of the month, and is replaced by someone with a real hankering for some hardcore quantitative easing.

Matthew Yglesias points to this post at Donkeylicious, which dreams:

So the Senate apparently wants to 'pivot to jobs' in the wake of the debacle in MA. If they actually want to do something that'll work, there's an available solution: deny Ben Bernanke confirmation, and replace him with somebody who'll implement the Gagnon plan of massive quantitative easing. Maybe Joe Gagnon. Financial markets might freak out, but what matters isn't the S&P this week. It's all about unemployment numbers in late October.

The funny thing is that's it not the S&P 500 this week that's the issue. The markets would LOVE someone like this. Down the road, a few years from now, then we might run into some problems.

But as the author writes: "It's all about unemployment numbers in late October!"

After the election, we can worry about cleaning it all up."

Sorry for frightening you with that scary socialist healthcare legislation...Tea partiers, mothers of home school children listening to Glenn Beck, assorted former Northeast blue collar Democrats, those reliably paranoid Medicare loving elderly.

Its the jobs. We get it. We have a plan. We are going to quantiatively ease the shit of this motherfucking economy. You think Mervyn King can print money like Gideon Gono to buy gilts like there was another war with Nazi Germany to finance? Oh no. How about you begin your bestselling memoir Mr. Bernanke. Imagine Christmas 2010 shopping season, your tome and Paulson's sharing space on a Barnes and Noble display.

Martingale (betting system)

Originally, martingale referred to a class of betting strategies popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Since a gambler with infinite wealth will with probability 1 eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who advocated it. Of course, none of the gamblers in fact possessed infinite wealth, and the exponential growth of the bets would eventually bankrupt those who chose to use the Martingale. It is widely believed that casinos instituted betting limits specifically to stop Martingale players, but in reality the assumptions behind the strategy are unsound. Players using the Martingale system do not have any long-term mathematical advantage over any other betting system or even randomly placed bets.

Title of this post appropriated from Kid Dynamite