Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Treasury Secretary Confesses: "I Don't Understand Inflation" [semi-satire]
Semi-News/Semi-Satire ^ | 5 June 2022 | John Semmens

Posted on 06/08/2022 10:09:16 AM PDT by John Semmens

During an interview aired on CNN's "Situation Room," Biden Administration Secretary of the Treasury Janet Yellen admitted "I don't understand inflation. Everyone in the Administration is dead set against inflation. It's not like there are disagreements regarding its negative effects. Yet, despite this unanimity among those of us making economic policy inflation is wrecking the lives of ordinary Americans."

Yellen's admission was stunning considering she has a PhD in economics from Harvard University, spent nearly twenty years at the Federal Reserve—serving as its Chairperson for five years—helping manage the nation's money supply, and was on President Clinton's Council of Economic Advisers.

"I mean, how can gasoline prices be rising when the President has decreed the nation must transition to green energy?" the Secretary wondered. "If the government is in the process of making fossil fuels illegal and obsolete why aren't gasoline prices collapsing like the prices of other obsolete energy sources like whale oil collapsed? The only credible explanation is price-gouging by the greedy manufacturers."

"Clearly, we need to bring back the price controls that worked in the 1970s under Nixon, Ford, and Carter," she asserted. "This policy was so successful it was dubbed 'stagflation' because it stagnated the inflation. The whole country was unified behind a comprehensive system that brought Republicans and Democrats together in a common goal to whip inflation. The long lines to purchase gas were a much more effective means of encouraging conservation because time is more valuable than money. It was reluctance to pay the high time cost of obtaining fuel that broke the back of inflation then and could do it again today, 50 years later."

"Of course, the real wild card is the possibility of nuclear war between Russia and us over the Ukraine situation," Yellen observed. "On the one hand, hundreds of millions of people would die and the entire industrial foundations of modern life would be destroyed. On the other hand, a return to a pre-civilized mode of living would force us to reevaluate our materialistic habits and live more naturally constantly on the brink of starvation. The ills of a sedentary life style—obesity, diabetes, heart disease—would fade away, as would the burdens of caring for the elderly. We might actually be better off in the long run if this did happen."

If you missed any of the other Semi-News/Semi-Satire posts you can find them at...

https://www.gopbriefingroom.com/index.php/topic,471575.0.html


TOPICS: Business/Economy; Government; History; Humor; Politics
KEYWORDS: biden; carter; ford; fossilfuels; nixon; nuclearwar; pricecontrols; satire
Navigation: use the links below to view more comments.
first 1-2021-23 next last

1 posted on 06/08/2022 10:09:16 AM PDT by John Semmens
[ Post Reply | Private Reply | View Replies]

To: John Semmens

And SCOTUS doesn’t know what a woman is.


2 posted on 06/08/2022 10:11:08 AM PDT by DIRTYSECRET
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Affirmative Action hires. They just don’t get much dumber.


3 posted on 06/08/2022 10:13:16 AM PDT by Honest Nigerian
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

She understands that her actions are causing it.


4 posted on 06/08/2022 10:13:17 AM PDT by mrmeyer (You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Why don’t the idiot’s step down if they are unqualified. I know, stupid question.


5 posted on 06/08/2022 10:14:01 AM PDT by ImJustAnotherOkie (Let's go Brandon)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Janet Yellen has her PHD in Economics from Yale, her husband has a PHD in Economics from MIT, we have a husband and wife with PHDs in Economics who know nothing about Economics, both have contributed to the destruction of the economy despite being highly educated in economics.

Talk about the Peter Principal.


6 posted on 06/08/2022 10:14:58 AM PDT by srmanuel
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Almost all of these women libbers who stupid men give authority, have no idea what the hell they’re doing and couldn’t care less. Their objective it to supplant men. That is all.

Women are basically void of accountability and reason.

Today’s men, like Adam, just stupidly go along with the female rebellion, like Eve, to the destruction of society.


7 posted on 06/08/2022 10:15:40 AM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens
Why are all the “woman” in this administration either trannies or look like trannies?
8 posted on 06/08/2022 10:17:42 AM PDT by Skeptical constituent
[ Post Reply | Private Reply | To 1 | View Replies]

To: srmanuel

Arithmetic is HARD, doncha know. It is so - linear. No room for nuance or multiple interpretations, just keep grinding out the same answers over and over.


9 posted on 06/08/2022 10:23:33 AM PDT by alloysteel (There are folks running the government who shouldn't be allowed to play with matches - Will Rogers)
[ Post Reply | Private Reply | To 6 | View Replies]

To: John Semmens

“What gets us into trouble is not what we don’t know.
It’s what we know for sure that just ain’t so.”
~Mark Twain


10 posted on 06/08/2022 10:26:04 AM PDT by Repeal The 17th (Get out of the matrix and get a real life.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Kid it goes like this ...

I fill up my gas tank you pay for it ...

Every time ... till Jan 2025 ...

Do you understand that ???


11 posted on 06/08/2022 10:26:29 AM PDT by Tennessee Nana
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

“How can gasoline prices be rising when the president has decreed that we must transition to Green energy?”

God save us. A PhD economist asks the most inane question of 2022.


12 posted on 06/08/2022 10:31:05 AM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens
...she has a PhD in economics from Harvard University


13 posted on 06/08/2022 10:31:55 AM PDT by COBOL2Java (Fauci is a despicable little turd)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Skeptical constituent
Why are all the “woman” in this administration either trannies or look like trannies?

They're better equipped to keep Joe from smelling their hair.


14 posted on 06/08/2022 10:34:09 AM PDT by COBOL2Java (Fauci is a despicable little turd)
[ Post Reply | Private Reply | To 8 | View Replies]

To: John Semmens

So she doesn’t see a connection between inflation and FED/Biden policies? We live in a Kakistocracy.


15 posted on 06/08/2022 10:35:52 AM PDT by oil_dude
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Stunning? Why?

When Universities declare men women and women men, when supreme courts of states like California declare a bee to be a type of fish, when “Scientists” hide the decline to keep the global warming grants coming, why not deny the facts of inflation - that uncontrolled spend-and-print leftist socialist doctrine has killed the economy of EVERY nation that tried it?


16 posted on 06/08/2022 10:36:03 AM PDT by BereanBrain
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Reminds me of NYC mayor Abe Beame. Having been the City controller for the four years (70-73) prior to his mayoralty as well as a previous stint at that position (62-65), when confronted with the city’s impending bankruptcy this doozy bots claimed that he could never understand the city’s books.


17 posted on 06/08/2022 10:40:00 AM PDT by Roccus (First we beat the Nazis........Then we defeated the Soviets....... Now, we are them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Hi.

I just don’t know.

You (you’re good) and “The Bee,” posts articles of satire, and then those articles come true.

Scary.

5.56mm


18 posted on 06/08/2022 10:47:00 AM PDT by M Kehoe (Quid Pro Joe and the Ho got to go.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

See Germany circa 1922-23.

Or,just continue to play stupid and hold on to your job?


19 posted on 06/08/2022 10:55:29 AM PDT by Leep (Hillary will NEVER be president! 😁)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John Semmens

Poor Janet everything flies right over her head


20 posted on 06/08/2022 11:08:48 AM PDT by butlerweave
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-23 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson