Yellen: Playing With Fire?
Because we expect Ms. Yellen will continue and expand QE, her policies will have an increased inflationary effect that will begin to result in higher consumer prices during her term.
The Wall Street Journal cites Ms. Yellen’s “record of concern about excessive inflation” as a positive attribute. This is a foolish statement. Her concern about inflation has not prevented her from advocating inflationary money printing schemes like QE. Extolling Ms. Yellen’s “concern about excessive inflation” is like praising a kid playing with matches in the woods as someone who is concerned about raging wild forest fires.
We expect Ms.Yellen’s nomination to receive Congressional approval. We also expect Senator Rand Paul to continue the tradition of his father Congressman Ron Paul, in asking the hard questions of Fed Presidents as to whether their policies are doing more harm than good.
http://smaulgld.com/negative-interest-rates-and-janet-yellen/
Because we expect Ms. Yellen will continue and expand QE, her policies will have an increased inflationary effect that will begin to result in higher consumer prices during her term.
The Wall Street Journal cites Ms. Yellen’s “record of concern about excessive inflation” as a positive attribute. This is a foolish statement. Her concern about inflation has not prevented her from advocating inflationary money printing schemes like QE. Extolling Ms. Yellen’s “concern about excessive inflation” is like praising a kid playing with matches in the woods as someone who is concerned about raging wild forest fires.
We expect Ms.Yellen’s nomination to receive Congressional approval. We also expect Senator Rand Paul to continue the tradition of his father Congressman Ron Paul, in asking the hard questions of Fed Presidents as to whether their policies are doing more harm than good.
http://smaulgld.com/negative-interest-rates-and-janet-yellen/
