Eyes Wide Shut

But don't be fooled by the radio
The TV or the magazines
They show you photographs of how your life should be
But they're just someone else's fantasy
--Styx

This brilliant little video on QE2 reminds that our current reality truly is stranger than fiction.

Central to the video is questioning bureaucratic wisdom that inflation is 'good' while deflation is 'bad.' As reasoned by the characters, falling prices in weak economic environments help those with lower incomes get thru hard times. Moreover, as prices come down, investors will put capital (and people) to work.

Government, however, has been working against these natural market forces for many years. This Depression era vid is a testament to the relentless stream of government propaganda seeking to demonize deflationary forces in soft economic periods in favor of inflationary intervention.

We can throw off this falsehood and the destruction it brings if we simply engage our brains.