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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