Banging on a Ketchup Bottle

Nassim Taleb on the latest round of money printing by the Federal Reserve (euphemism: “Quantitative Easing II”):

The point is that you may print, print, print or do these devious methods to hide that you’re printing, but it won’t have any effect. Just like a ketchup bottle that you pour and nothing comes out…then suddenly…the whole ketchup coats your French fries, everything, the whole table, your face, everything. This is the problem with non-linearity.