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A Central Banker's Dilemma - The Astroturf

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Uploaded on Nov 19, 2008

A Central Banker's Dilemma (Dirigo Remix) by The Astroturf.

As featured in NPR's Planet Money.
http://www.npr.org/blogs/money/2008/1...

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Alan greenspan used to be the toast of the town
Everyone loved his interest rates, he twirled them round and round

Under his guiding hand liquidity was almost free
It flowed like wine we passed it around between you and me

Chorus:
I'm having nightmares of stagflation. We're running out of room
The overnight rates way too low. It's either bust or boom

Liquidity is almost gone I just passed out on that bench
Ben Bernannke can you spare a drop my thirst must be quenched

The subrime debt steadily climbs the writeoffs just won't stop
The maestro what have you done your reputation's shot

I'm having nightmares of stagflation. We're running out of room
The greatest of all dilemmas. It's either bust or boom

Ben Bernanke where's your sense you gotta listen to the hawks
Just look at the ECB - inflation targeting would never stop

I opened up the paper the headline inflation is 5.6
Since your target was roughly 2 you must be feeling sick

I'm having nightmares of stagflation. We're running out of room
The overnight rates too low. It's either bust or boom

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