Yellen, Inflation, and the Gas Price Blame Game
Janet Yellen admitted to being wrong about inflation. I was wrong too, but for an entirely different reason. Plus, thoughts on energy costs and how it all relates.
In a rare instance of establishment accountability, Treasury Secretary Janet Yellen has done the unthinkable; she admitted she was wrong. In a CNN appearance yesterday with Wolf Blitzer, Yellen was shown a video montage of herself incorrectly dismissing inflation as a serious problem from March and May of last year. You can watch the video here. Short o…
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