A googol of Googles

It’s Spend-O-Rama time in Washington, as it has been for several decades now, and this is why it will continue:

We noticed from a report on the recent Japanese election that “Google” is now used as an accounting term. The company being currently valued at some par amount in trillions or quadrillions of yen, the degree of “quantitative easing” (i.e. money to be created ex nihilo) the Bank of Japan is now compelled to provide overnight against its own better judgement in light of the election result was expressed as, “six Googles.”

But why not eight? Or twelve? Why not create one hundred Googles of fresh, new, imaginary money? The people have spoken for more zeroes, & why are more zeroes being denied?

Which demonstrates, I suppose, that Mencken was right.







Comments are closed.