Here she is being bad in that Lady Caroline Lamb on Lord Byron "mad, bad and dangerous to know" kind of way.
From Dizzynomics:
Re. Central bank manipulation
To: All fiat currency sceptics*Paraphrased from Walter Mathau on Barbara Stanwyck:
From: me (in a bad mood).
This is a comment on the following response to one my Bitcoin posts by Julien Noizet, note the bold bits.
Izabella Kaminska in the FT wrote a new piece on Bitcoin and other alternative electronic currencies. She complains about the multiplication of such currencies that nothing backs and pretty much only see speculative motivations underlying them. I am not going to comment on the whole thing, but whether right or wrong, she should ask herself why there is such frenzy about those currencies at the moment. My guess is that, governments’ and central banks’ manipulation of their own currencies have unleashed a beast: people afraid to hold classic currencies started to look for alternatives, pushing up their prices, in turn attracting speculators. The process is similar to ‘bad’ financial innovations (the ones designed specifically to bypass restricting regulation): they often start as a benign innovation for the ‘common good’, but the surprising demand for them and large profits attract speculators until the market crashes. Not the fault of the innovation, but the fault of the regulation that triggered them…First Julien, thanks for telling me to ask myself something that I have very publicly been asking for a long time. I appreciate you don’t have to read every single post I ever write, but the post you link to actually says it plainly:
The natural consequence, perhaps, of a leisure economy with nothing more productive to do — or, more simply, nothing more productive that has as great a potential for quick speculative profit. Though, not to overlook the influence of the idea that it is wise to protect oneself from a fiat currency armageddon that still hasn’t happened yet, and against which there are fewer viable diversification tools. So what we have created instead is a veritable Weimar-style notgeld issuance frenzy. A parallel private money expansion outside of the government’s money supply control, created by the public itself. (Though, at least with notgelds, the units issued were always redeemable for the issuing companies’ underlying goods and services.)If you didn’t understand that paragraph, let me explain it to you one more time. People have been sold an inflation myth....MUCH MORE
'Barbara Stanwyck has played five gun molls, two burlesque queens, half a dozen adulteresses and twice as many murders. When she was good, she was very, very good. And when she was bad, she was terrific.'Gentle reader has probably noticed I don't refer to the young lady as 'Izzy' very often. For one thing the familiarity of the truncated diminutive doesn't seem altogether appropriate: We've never met, never even corresponded so any time I do use the nickname I am aware that it almost sounds like a hypocorism.
The other, more immediate, and frankly, profoundly disturbing reason, is that any time I see the name Izzy I think of a five hundred pound Hawaiian guy.
This is a video I used to post as part of our Sweet Dreams, Wall Street series during the downdraft summer of 2008 (before the real downdraft hit):
