Janet Yellin said inflation is up by an insignificant amount and no concern of hers because she has multiple tools to prevent anything significant. Do you believe Janet Yellin. Sure we all do. Maybe Jan would be more clear eyed if she hadn’t acquired her stash from the money folks and be beholden. Just call me old fashioned.
The Fed was the last group of people to see subprime to be a danger to the economy. They’re also the last to see that inflation is a big problem for the very people they are supposed to help with their policies. But instead their policies are helping mostly the very rich.
Janet Yellin Secretary of the Treasury
President Joe Biden’s chief of staff retweeted a claim that inflation is a “high class problem” Thursday, dismissing the millions of Americans who are seeing prices for daily necessities spike.
“Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems. We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem,” wrote Jason Furman, a Harvard professor and former member of President Barack Obama’s administration.
It’s just for us little people.
Sure this really worked out
Bonus time…Speaking of economics- how are things going at our ports? A comment from the tweet below indicated this pic could have been taken on Columbus day. All ports were closed for the holiday. I don’t know which would be worse. Closed for the holiday? Give me a break.
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