MacroMaven Stephanie Pomboy reflecting on interest rates a few years backed quipped that the US economy could no longer handle higher interest rates in a way that mirrors what Jack Nicholson shouted to Tom Cruise in A Few Good Men that he couldnt handle the truth.
Jack Nicholerson (Col. Jessup): You want answers?
Tom Cruise (Kaffee): I think I’m entitled.
Jack Nicholson (Col. Jessup): You want answers?
Tom Cruise (Kaffee): I want the truth!
Jack Nicholerson (Col. Jessup): You can’t handle the truth!
Son, we live in a world that has walls and those walls need to be guarded by men with guns. Whos gonna do it? You? I have neither the time nor inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide and then questions the manner in which I provide it. I would rather you just said thank you, and went on your way. Otherwise, I suggest that you pick up a weapon and stand at post.
Colonel Jessups responsibility to provide for our essential freedoms is not unlike the Federal Reserves mandate to create jobs and foster economic growth. And right now, that apparently requires the Fed...
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