In a new song, Merle Hazard and his singing partner Bretton Wood ask:

Inflation or deflation?

Tell me, if you can

Will we become Zimbabwe?

Or will we be Japan?

Watch the whole thing:

(Hat tip: Calculated Risk)

Merle Hazard is the self-proclaimed "first and only country singer to write about mortgage-backed securities, derivatives, and leveraged buyouts." His latest ditty is "Mark to Market," dedicated to "the courageous men and women of the Financial Accounting Standards Board."

Hat tip to our illustrious photo editor Kathy Jones.

Code Pink strikes again! This time while Larry Summers is trying to talk about policy choices and deflation at the buttoned-up Economic Club of Washington, D.C. But it sounds like they run out of steam after about fifteen seconds, probably because they didn't expect to be onstage for any longer than that (reasonably enough).

Gordon Brown gets publicly filleted by EU parliamentarian (and instant blogohero) Daniel Hannan, who dubs him the Devalued Prime Minister. Awwwww, snap!