Mogambo Guru is an Austrian Economist who writes the weekly Mogambo Guru, “an avocational exercise the better to heap disrespect on those who desperately deserve it”, and which frequently cites Mises Institute writers. This week, Mogambo manages to make some very serious observations into a hilarious commentary about the buildup of debt, the dollar, inflation, and government lying. To give a sample,
Then, and I hope you are sitting down for this and have an IV inserted into you arm that is dripping some kind of powerful tranquilizer into your veins by the quart, the long-awaited PPI came out, and the guy who delivered it to me must have glanced at the page and noticed that it said that prices were up strongly.
It doesn’t take a genius to realize how that kind of news is going to affect me, so he just tied it to a rock and heaved toward the Bunker du Mogambo. It hit the door with a thud and lay there on the ground. I fired off a few bursts from the Mogambo Machinegun System (MMS) to suppress any incipient hostile activity, and I quickly opened the door to the Mogambo Fortress of Solitude and snatched the report up off the ground and ran back inside. Quickly slamming the door shut, throwing all the locks and activating the Mogambo Monitoring and Surveillance System (MM&SS) into Full-On mode, I gobbled down a few nitroglycerin pills as a wise precaution, and then leisurely read that prices were up for the month, and by 0.6%. In March, the Philly Fed’s prices paid component surged 9.7 points to 53.4. The ‘prices received’ subindex climbed 3.7 points to 22.6. Both are at the highest levels in nine-years.
My immediate reaction was an involuntary tightening of my trigger finger as I staggered about clutching my heart, and then, according to expert testimony, was enveloped in a confluence of outrage, fear, and panic in doses that were, according to sensitive instruments developed specifically for the purpose, off the charts! Of course, there was the rush by government wonks and the stupid class of people in America, which is the class known as “American economists,” who all decided that prices going up did not mean that prices went up, and even if they did, then it is okay, and it is nothing to get worried about, and that it actually meant that this was the perfect time to buy some stocks or bonds or houses or something.
