Now that Oliver Hardy Has Left the White House, Why Is Stan Laurel Still at the Treasury?

``The Fed’s idiotic proposal to increase the inflation rate stems from a Keynesian idea that if you engineer negative real rates of return on safe assets, investors will have no choice but to buy brick-and-mortar productive capacity. That’s hooey, as the graph above makes clear. Investors are ALREADY willing to accept negative returns in order to keep their money safe.''