Economic Lunacy at HuffPo

Any doubt that the socialists/communists who blog at HuffPo have no concept of how economics works was removed by the thread about the stock market this morning.

Stocks Open Up With Added Liquidity

cognate (See profile | I'm a fan of cognate)
By this action the Fed increased the money supply 15% over 48hrs. What do they suppose this will do to inflation? Back to double digits by 2009?

First, I've not seen any numbers saying the money supply got expanded by anything close to 15% but in any event, I guess the lefties would rather see a liquidity crisis in the financial markets. Then came this response about the concerns about inflation by 2009.

progressivegreg (See profile | I'm a fan of progressivegreg)
See, by 2009 it WON'T be on shrubs watch, he's got the war so screwed up too, that it will continue long after he's gone. His presidential library should be quite a spin factory when it's built to tell us what a great leader he was!

Actually, the Federal Reserve is completely independent of the White House, so President Bush has no impact one way or the other on what the Fed does.

You learn that in any Econ 101 class.

We'll conclude with this bizarre rant:

BenBernanke (See profile | I'm a fan of BenBernanke)
CAPITALISM ONLY APPLIES AS LONG AS THE LITTLE GUY IS A SUCKER FOR THE THE FEW FAT PIGS ON TOP OF THE PYRAMID...

WHEN THE PYRAMID CRUMBLES YOU TAKE THE FED'S MONEY (AMERICA'S MONEY) TO BAIL OUT THOSE WHO BROUGHT ABOUT THIS DISASTER... I SUPPOSE THAT IS CALLED DEMOCRACY...

HERE IT IS... THE "FREE MARKET", DEMOCRACY, CPITALISM, NOTHING BUT MERE ILLUSIONS...

WHEN WILL YOU FOOLS AWAKEN AND REVOLT?

This is the year you will witness the complete ruin if the American economy.

I know, you're gonna say impossible... but please note and get back to me to recheck these predictions... we'll see see who was the crazy one...

DOW... lose more than 10,000 points before Xmas..

I guess the above is what happens to your brain on liberalism