The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on June 19, 2022, 11:22:52 pm
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Brianna Lyman
Reporter
June 19, 2022 12:26 PM ET
Treasury Sec. Janet Yellen said that she anticipates the “economy to slow” during a Sunday morning interview on “This Week.”
Host George Stephanopoulos cited a new Wall Street Journal report from Sunday that said economists expect the likelihood of a recession to be 44% within the next year.
“Is that what you expect as well?” Stephanopoulos asked.
“Well, I expect the economy to slow. It’s been growing at a very rapid rate as the labor market has recovered, and we’ve reached full employment, it’s natural now that we expect to transition to steady and stable growth. But I don’t think a recession is at all inevitable.”
https://twitter.com/ThisWeekABC/status/1538515987481481216
more
https://dailycaller.com/2022/06/19/janet-yellen-expects-economy-worse-inflation/
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Why has this idiot ever held high office?
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She's an idiot.
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Captain Obvious strikes once again.
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Why has this idiot ever held high office?
Why is she still in office?
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Yellin is a disciple of the bureaucratic implementation of Keynesian 'economics' [sic]. It is not a true economic theory nor is it an adaptation of Keynes philosophy, It is a bastardization of it created by undisciplined government bureaucrats with a desire to cement their positions in government by becoming sources of wealth through the printing of the money.
I was taught this bullshit at a Virginia community college back in the early 80s where every dollar of government spending led to $4 of economic growth. This so-called theory has been disproven year after year in country after country for decades now. Yet you still have idiots allowing people like Yellin to hold positions of power implementing this crap.
Yellin spent almost 20 years on the Federal Reserve. Her main influence was over the housing bubble which tanked the entire US economy. Not only did the Fed never see that coming, they quickly implemented policies that would discourage economic growth for another decade. When it comes to economics, Yellin is a complete fool. She isn't teachable. And she can't recognize bad policy. The sooner she is out of office, the better.