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Janet Yellen is Ben Bernanke on Steroids, with a Lobotomy

Now that Helicopter Ben is gone, in order to figure out exactly how this new FED will continue to manipulate the financial markets, we need to know more about new FED Chair Janet Yellen. First, her background is as an Ivy league l ...

Posted On February 26, 20146 MIN Read
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Now that Helicopter Ben is gone, in order to figure out exactly how this new FED will continue to manipulate the financial markets, we need to know more about new FED Chair Janet Yellen.

First, her background is as an Ivy league left wing liberal, and for many reading this, you may already know everything that you need to know.

Second, she’s a Keynesian economist, which means that she believes in big government and its ability to grow an economy, rather than the primary beliefs of Austrian economists, which credits the individual, and their abilities, with this power. Another primary distinction between the two schools of thought, and this is a major difference, is that Austrian economists define inflation by the amount of new currency printed into circulation. Keynesian economists define inflation as the increase in the price of goods.

If you’ve followed my work for any amount of time at all, you know my views on the definition and cause of inflation, and it’s quite different fro...

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