Top minds in charge
Jun 08, 2022
No skin in the game for these vultures:
Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy. She added that she was hopeful it would soon be on the decline.
One of the top economists in the world couldn't see this coming:
She told CNN last week that she did not fully understand the impact that unanticipated large shocks and supply bottlenecks would have on the economy.
It's curious that the article doesn't explicitly mention one of the major reasons for high inflation: the easy money policy of the Fed for the past two years. They let the money printer loose. The crypto world exploded with massive returns. The stock market doubled from its crash and grocery stores started increasing prices in a big way in early 2021. These idiots should have started increasing the interest rates a year earlier. Now, that the poor have been crushed and the middle class is getting squeezed, their reply is: COULD HAVE USED A BETTER WORD!
The least these assholes can do is resign.