Higher inflation goal

I blogged earlier about economists actually desiring higher inflation objectives. The madness continues.

http://dollarcollapse.com/articles/mr-bernanke-has-acknowledged-the-allure-of-a-higher-inflation-goal/

Read the commentary at the end.

IMF recommends raising inflation target to 4%

I wonder if the IMF's top economist is buying gold for his own personal stash. Okay, that was an irreverent dig, but Olivier Blanchard (on leave from MIT coincidentally) advises the IMF should raise their inflation target from 2% to 4%. He believes with zero interest policies already in place, central banks worldwide have no more bullets to stimulate their respective economies.

This is what they call in the feature film industry "foreshadowing."

http://online.wsj.com/article/SB20001424052748704337004575059542325748142.html

News alert: former IMF economist shoots old boss

That is not a misprint. It is not a gang-related shooting incident. It involves two IMF economists.

http://www.businessweek.com/news/2010-01-04/former-imf-economist-is-sought-in-shooting-of-former-coworker.html

I wish I could make this stuff up.