And this year's Nobel Prize in Doublethink goes to...

``Despite having just claimed that quantitative easing was successful in keeping long-term interest rates low, Romer now says that "it's hard to evaluate what QE has done to long-term interest rates... because there are lots of announcement effects..." Romer typifies the mindset of the people making decisions in government, and the sort of advisors in President Obama's circle. The US government is going on three years of massive, unprecedented fiscal and monetary expansion. Yet it hasn't made a dent in unemployment, and prices are rising.''