My Interview with Yogi Berra of the Federal Reserve Bank.
This morning I had the pleasure of sitting face to face with world famous New York Yankee and newest addition the Federal Reserve Bank’s talent pool, Mr. Yogi Berra.
IsMyMotor: Mr. Berra, I appreciate you taking the time to sit with me to discuss a number of topics that have been on the minds of literally dozens of Motley Fool readers.
Berra: You should always go to other people's funerals, otherwise, they won't come to yours.
IsMyMotor: I’m sorry, what is that supposed to mean?
Berra: Take it with a grin of salt.
IsMyMotor: Mr. Berra, what are your thoughts on the risk of rampant inflation?
Berra: A nickel ain't worth a dime anymore.
IsMyMotor: Ron Paul and Barney Frank want to audit the Federal Reserve Bank. What are your thoughts?
Berra: I wish I had an answer to that because I'm tired of answering that question.
IsMyMotor: Are you afraid of answering the question about a potential audit of the Federal Reserve Bank?
Berra: If you ask me anything I don't know, I'm not going to answer.
IsMyMotor: Are you concerned that churning out cash is going to destabilize the dollar and lead to a weaker economy?
Berra: You better cut the pizza in four pieces because I'm not hungry enough to eat six.
IsMyMotor: What does the last question have to do with pizza?
Berra: I never said most of the things I said.
IsMyMotor: When will the Federal Reserve Bank cease printing money like they are issuing it to Hasbro?
Berra: It ain't over till it's over.
IsMyMotor: As a high ranking official of the Federal Reserve Bank, you must admit the institution is capable of more harm than good. Give us your thoughts on that.
Berra: If the world was perfect, it wouldn't be.
IsMyMotor: You appear to be in some discomfort. Is your starched collar bothering you? Would you like to have the thermostat lowered?
Berra: It ain't the heat, it's the humility.
IsMyMotor: What are your thoughts about the use of Keynesian economic theory by the current administration to structure their stimulus package?
Berra: In theory there is no difference between theory and practice. In practice there is.
IsMyMotor: So far you answer is the most in depth of any I have yet to hear on the subject.
Berra: We have great depth.
IsMyMotor: Thank you, Mr. Berra, for an interesting interview.
Berra: I just want to thank everyone who made this day necessary.