Treasury Secretary Admits She Was DEAD WRONG About Inflation
Posted
June 3, 2022
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100,176
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June 3, 2022
100,176
7,437
1,609
9.03%
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Former Fed Chair and current Treasury Secretary Janet Yellen has admitted that she failed to see the current inflation crisis coming and then downplayed the seriousness of the problem when prices first started to rise. And while she claims she doesn’t like to make predictions (understandably, considering her track record), she is now saying she expects the crisis to continue for some time and that the administration will do little to curb it.
In this conversation with Jimmy, The New School’s visiting economics professor Richard Wolff at least gives credit to his former graduate school classmate Yellen for her honesty, but takes away points since he knows that she is aware of what needs to be done but does not have the intestinal fortitude to push for those policies.
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