by Ryan McMaken
The Board of Governors of the Federal Reserve system launched a new Facebook page last week, and UPI reports that the fed’s pronouncements on the new page were not met with universal approval:
The page has gained more than 13,000 likes but has been flooded with critical and sarcastic comments, starting from its very first post.
“Can you guys please help me get some of that QE? I’m trying to buy 16 cars, 4 houses, 2 jets and a yacht,” one commenter wrote. “I swear it will stimulate the economy. I’ll spend it all and cycle it back. I know velocity needs to pick up so I’ll make sure to pay lots of models to live in my houses and travel with me. Thanks Fed! You are such a moral and upstanding institution!”
Indeed, a quick visit to the page reveals more or less non-stop attacks on the Fed with each new post. The Fed has it’s defenders on the page, as well.