It’s all just a bunch of Bierce

By Felix Salmon
September 15, 2009
financial edition of the Devil's dictionary. A taster:

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My friend Matthew Rose has written a wonderful financial edition of the Devil’s dictionary. A taster:

PPIP, or PUBLIC-PRIVATE INVESTMENT PARTNERSHIP, v.t. Orig: Gladys Knight. To use a form of hypnotism in which merely saying you intend to fix a problem has the effect of making everyone forget about the problem. Usage: “We really peepipped Congress on those AIG bonuses.” See ASSETS, TOXIC.

QUANTITATIVE EASING, n. A regulatory approach based on the point in Western movies when the sheriff, having fired all available bullets, in an act of final desperation throws his gun at the bad guys. See also INFLATION, HYPER.

As they say, go read the whole thing.

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Comments
One comment so far

Here’s one that’s available if you’ve paid approximately $8.85 per month for entire year:

TOO BIG TO FAIL, idiom. Banks, insurance companies, car companies, presidential approval ratings, Fed chairmen seeking second terms, other people who think they should be Fed chairman, the reputations of people who’d be responsible for letting things fail. Antonym: TOO BORING TO SAVE.

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