Posted on 04/27/2014 12:07:12 PM PDT by Kaslin
Obama, “Spread the wealth around a little.”
Oh I see.... It’s not your moronic incompetence, it’s the models. Good luck with that when the angry citizens with their pitchforks come out looking for you.
Maybe their models don’t work because the Obama administration has been fudging the inflation rate all along.
Any working stiff buying food and gasoline know that inflation has been surging over the last two years while our earning power has stayed stationary or has fallen.
Maybe the models don’t work, because they were not meant to be run in a universe where our biggest competitor is a low-cost monopoly, with 1.2 billion people, and a one-party state running it all.
Just saying...
I was going to bash this statement for believing the official unemployment rate. But now I'll just point out that this sentence says the official employment rate is 6.7%. Not unemployment, but employment.
I like that Yellen is focused on unemployment. I suspect she knows that the official unemployment rate is bogus.
Her initial solution is going to be more easy money, like her predecessor. But I’m hoping that she continues to look past that and eventually realizes we need to restore the import tariffs.
Just shows how stupid she is.
The reality of 330,000,000 people making independent decisions in their own self interest will frustrate the best model.
No, it's not. It is not possible to criticize Keynesian economics with sufficient force.
Gas prices - Historical Price Charts
http://www.gasbuddy.com/gb_retail_price_chart.aspx
Up up up. Add taxes to that number. Then add price of food and everything else. Inflation is high.
Good For Janet Yellen!She Hasn’t Drunk As Much Of The Kool-Aid As Her Predecessor!!!!!!!!!!!
“...when the angry citizens with their pitchforks come out looking for you.”
Progressive citizens don’t get angry at Progressives, they get angry at George Bush. (And they’ll keep voting Progressive, ad nausem, ad infinitum.)
IMHO
Remember all those deeply complex mathematical models showed how you could re-hypothecate the same home loan, insure it all against default, and make a ton of money for the banks. It all worked well until it didn’t.
Socialists/Communists have no idea how economics work.... because their understanding of basic human nature is wrong.
“Models, at best, can only give you a rough idea of future trends in economics.”
But, models have been so very effective in convincing many that the temperature of Earth’s atmosphere is becoming warmer and warmer, dangerously warmer. Not accurate, but effective.
This yellen thing is a marxist just like her boss.
Why is 0bama fascinated by shriveled up old hags? (sibelius, yellen, lerner, hillary)
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