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Janet Yellen blames Americans' 'splurging' for record-high inflation.
Fox News ^ | 12/1/2022 | Kristine Parks & Nikolas Lanum

Posted on 12/01/2022 9:16:49 AM PST by Carriage Hill

Treasury Secretary Janet Yellen blamed consumers' excessive spending habits as a primary cause for the near 40-year-high in inflation on Wednesday. The Biden official appeared on "The Late Show with Stephen Colbert" where she was asked about the price increases that have plagued the U.S. for more than a year.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Front Page News; Government
KEYWORDS: consumer; idiots; inflation; leftists; lies; morons; yellen
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To: Army Air Corps

“Yellen is an idiot.”

She’s a propagandist


21 posted on 12/01/2022 9:22:45 AM PST by stanne
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To: circlecity


22 posted on 12/01/2022 9:23:01 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Carriage Hill

If we ‘splurge’ any more we’ll starve to death...............


23 posted on 12/01/2022 9:23:02 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: freedomjusticeruleoflaw
We need a French-style revolution

BurnLootMurder and Antifa can help you out with that.

24 posted on 12/01/2022 9:23:06 AM PST by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: freedomjusticeruleoflaw

With the guillotine too!


25 posted on 12/01/2022 9:23:45 AM PST by DarthVader (Not by speeches & majority decisions will the great issues of the day be decided but by Blood & Iron)
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To: Carriage Hill

Yellen has her horse and cart backwards and is spewing garbage to cover her clique.


26 posted on 12/01/2022 9:24:34 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: freedomjusticeruleoflaw

They create a new feudalism and it’s a guarantee.


27 posted on 12/01/2022 9:24:51 AM PST by mrmeyer (You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
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To: Carriage Hill

Really? Blaming the victim?


28 posted on 12/01/2022 9:25:08 AM PST by HIDEK6 (God bless Donald Trump. )
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To: Red Badger

LOL.


29 posted on 12/01/2022 9:25:35 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Carriage Hill

To avoid inflation, you’re not supposed to buy stuff. We can only keep prices down by quietly starving in the cold and dark. These people are brilliant!


30 posted on 12/01/2022 9:26:07 AM PST by Spok (“You will own nothing and be happy.” )
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To: Carriage Hill
We are actually buying less then we were a year ago.

So is everyone we know.

Anything we are buying are things that are needed.

Food and fuel being primary but also shoes for the kids, they will grow you know, and replacements for things that have worn out, like the hot water heater.

Does this offspring of a female dog think that this is 'splurging'?

31 posted on 12/01/2022 9:26:11 AM PST by Harmless Teddy Bear (The nation of france was named after a hedgehog... The hedgehog's name was Kevin... Don't ask)
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To: Carriage Hill

Since inflation is a monetary phenomenon, the only splurging is by the Treasury and Federal Reserve on green ink and paper (or their electronic equivalent).


32 posted on 12/01/2022 9:28:38 AM PST by KarlInOhio (Soon the January 6 protesters will be held (without trial or bail) longer than Jefferson Davis was.)
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To: Harmless Teddy Bear

I suppose filling up my fuel tank for winter is “ splurging” too. That cost me $1700. Last year it was $1000.


33 posted on 12/01/2022 9:30:31 AM PST by mware
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To: blackdog

She (it or whatever) would never pass a Binet test.
Don’t think any of the present cabinet has signed the front of a pay check.


34 posted on 12/01/2022 9:31:15 AM PST by sasquatch
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To: sasquatch

Yes. I read somewhere the cabinet has a combined total of eight months of private sector work experience.


35 posted on 12/01/2022 9:34:30 AM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: Carriage Hill

I splurged at the grocery store this morning.

$91 of splurging.

I typically do grocery shopping about ever 10-12 days. My trips used to be in the $50 to $60 range.

I may have to switch from my splurges of cat food and try dog food — it may be cheaper. And I don’t even have a pet.


36 posted on 12/01/2022 9:35:11 AM PST by TomGuy
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To: sasquatch

Dunning-Kruger bunch on steroids and a blank checkbook.


37 posted on 12/01/2022 9:35:32 AM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: Carriage Hill
God, she is a complete idiot. Inflation is caused by too much money in the economy, or as economist Milton Friedman argued:
Inflation is always and everywhere a monetary phenomenon
Economist David Henderson explains what Friedman meant:
Monetary economist Milton Friedman made this line famous after stating it in a talk he gave in India in 1963. In a trivial sense, of course, the statement is true. Inflation, by definition, means that money loses its purchasing power and, therefore, is a monetary phenomenon. But Friedman meant much more. After having defined inflation, in that same talk, as a “steady and sustained rise in prices,” Friedman argued that one could not find inflation anywhere in the world that was not caused by a prior increase in the supply of money or in the growth rate of the supply of money.
It is NEVER and never will be caused by consumers spending "too much."
38 posted on 12/01/2022 9:36:27 AM PST by ProtectOurFreedom (If you're not part of the solution, you're just scumming up the bottom of the beaker!)
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To: sasquatch

Hey, at least she just admitted why they should never pass a student loan debt relief plan. Splurgeous Maximus.


39 posted on 12/01/2022 9:37:50 AM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: Carriage Hill

This is right out of the medieval consumption laws that curbed the peasants from buying stuff, especially luxuries, that were only reserved for the nobs.


40 posted on 12/01/2022 9:39:36 AM PST by NEWwoman (God Bless America)
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