Merry Felonies: It’s not the fall that kills you, it’s the sudden stop at the end.
Context
What is Quantitative Easing (QE)?
The Daily Economy: The Fed’s Balance Sheet Feeds Bailout Culture by Paul Mueller:
“During the Global Financial Crisis of 2008, the Federal Reserve engaged in unprecedented interventions into the financial system. They opened Pandora’s Box and out of it came large scale asset purchase (LSAP) programs – better known as quantitative easing (QE). QE caused the Fed’s balance sheet to expand dramatically.
Quantitative easing allowed the Fed to expand its securities purchases into other asset markets besides US Treasuries – namely mortgage-backed securities (MBS). Although the first QE program was justified as a crisis measure, once the Fed crossed that line it would do so again and again for what could hardly be called emergencies. The legacy of quantitative easing continues to this day.” [read more…]
Learn More:
• The Causes and Effects of the 2008 Financial Crisis (bank leverage explained)
• How it Happened – The 2008 Financial Crisis: Crash Course Economics #12
News from the wrong perspective
Have you ever read the news and thought something like this…
• Is this true?
• No! This must be a joke.
• Are these people are crazy?
• You’ve got to be kidding!
• Is this guy on drugs?
Well, you’re not alone. Merry Felonies is our form of relief. A way to lighten our spirits when the news is too damn much! So, when we see something ridiculous, we have to make fun of it.
Latest Merry Felonies ✎﹏﹏
જ⁀➴ Read ALL of our Merry Felonies cartoons!
How did the comic strip start?
The idea for Merry Felonies started with our reaction to the news. Miguel and I would watch or read the news and make sarcastic comments. If there was something particularly funny, Miguel would sketch something out and I’d think of a punchline.
When our good friend and favorite renegade economist Steve Keen worked with IDEA Economics, a small outfit that worked to educate regular people about how economics functions, we were hired to provide the comic strip. It ran from about 2015 – 2020.
It’s interesting to look back at that era and realize that not only have things not changed much, they’ve somehow gotten worse (economically speaking). Now we’ll republish all the comic strip here.
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