Sunday, October 26, 2014

John "Trillion Dollar Loss" Hinderaker's Stunning Ignorance of Economics Revealed

     Over at Powerline, John Hinderaker is stating that Hillary Clinton is ignorant of economics. 

     So, let's just review Mr. Hinderaker's absolute and demonstrable history of having literally zero clue about the same topic. 

     Hinderaker was one of the numerous people who argued that the Fed's QE program would lead to a massive spike in inflation.   As we all know now, this didn't happen.   Bloomberg calculated the net investment returns a Hinderaker portfolio would have earned and came up with a net loss of $1 trillion. 

     So, before you give any credence to Hinderaker's statement, remember that if you'd followed his advice, you would have lost money.  BIG MONEY.