To: Libloather
Janet Yellen departs from office — as she leaves a trail of mess behind her
A total mess, but the treasurer doesn't really do anything. They're just the national accountant. The Congress controls fiscal policy and the Fed controls monetary policy, and neither can make hard decisions to fix the currency and country's finances, so more inflation here we go.
To: Right_Wing_Madman
I don't know about that. That lamebrain Carter appointed Paul Volcker chairman of the Fed who then raised interest rate to 20% to control inflation. Mortgage interest went to 24%.
It brought inflation down but collapsed the economy in the process. Construction and manufacturing were the first to go and those are always two Prime Forces in our economy.
19 posted on
11/24/2024 5:40:20 AM PST by
LouAvul
(He that ruleth over men must be just, ruling in the fear of God.)
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