Posted on 12/03/2018 10:58:00 AM PST by a little elbow grease
(snip) --- Janet L. Yellen was the most qualified Federal Reserve chair weve ever had and maybe the most successful Federal Reserve chair weve ever had. But, in part because she was also the shortest Federal Reserve chair weve ever had, she wasnt reappointed by President Trump.
(snip) -- Thats not a joke, or at least not a deliberate one. Trump, according to The Washington Post, seems to believe that the Fed is a lot like a roller coaster: You have to be so tall to go on it. In particular, he thought that the 5-foot-3-inch Yellen was too short to do the job that shed been doing so well the previous four years. Which, along with wanting to make his own mark on the central bank, is why he broke with what had been a fairly long-standing bipartisan tradition of keeping on a Fed chair no matter which party had originally nominated them as long as they still wanted the job and seemed good at it.
No bizarre bias here. /s
(Excerpt) Read more at washingtonpost.com ...
Two assumptions/lies in the first sentence. Another assumption/lie in the second sentence.
The BS just continues to flow like an overloaded septic tank after that that.
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Full title: Trump thought Yellen was too short to be Fed chair. Thats not how any of this works.
Yellen always had her own Cherry Picker standing by
Sowing friction and discord is what our press does best.
So what?
Besides, Trump should have just conceded to Yeb.
And we know this is true because our good friends at the Wapo say it is right? Ha ha ha go away morons.
Another week, another pile of steaming fake news
I just have to laugh at this nonsense.
“She’s too short” really means “Go to hell, I don’t feel like sharing my reasons with you”.
Apparently all it takes to be “successful” as the Fed Chair is to set rates at zero and keep them there... forever.
Why do we have a Federal Reserve at all, if this is the case? Why not just set rates by law to zero and eliminate the expensive middleman?
lol
I doubt Donald Trump could be so successful (or even tie his shoes) if he was the deranged nimrod they would have us believe he is. An old woman is “too short”? Let the source of this ridiculous calumny come forward and prove his veracity or else shut up about it.
Anyway, I’m not well versed in monetary policy and I don’t want to channel Ron Paul, I don’t think going back on the gold standard sounds very realistic. But maybe we should be talking about whether or not an un-elected board operating in the shadows should have so much power.
That was hilarious!
¡Jeb! is such a dweeb.
If we did that, it would be one component of Sharia lending practices.
Exactly right. This is about as literal as him encouraging the Russians to hack Hillary’s server when he made a joke about her missing emails saying, “maybe the Russians can find them...”
Only an idiot takes every spoken word to it’s literal meaning.
I can tell anyone how to hit a baseball or to play the outfield, but this stuff I leave to others.
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PS ..... can anyone suggest a rather simply written book that explains all this financial/money crap?
I’d have appointed Peter Dinklage.
” Why not just set rates by law to zero and eliminate the expensive middleman?”
Or even better, have some medium of trade that lets you know the fixed value of a dollar. Then let the market determine interest rates.
There must be something we could use. Maybe it was written about by our founders even...Along with warnings about a banking establishment controlling the money system of a nation instead of Congress. /s
This just in from the Washington comPost: Trump fired James Comey because he thought he was too tall to be FBI director. Unnamed sources reveal that Trump privately remarked that the best FBI directors are between 6’1 and 6’5”, although he would consider a 6’ 1/2” woman for the role.
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