Another Idiot Savant

Janet Yellen’s prepared introductory remarks for her confirmation hearings tomorrow were released after the close today. They confirmed that she is another pseudo-Keynesian idiot who believes that printing money will provide jobs.

So, not to worry. QE forever. That most hated asset class? Good to go, the Fed will be buying any bonds not nailed down. (Sound of hammering, off).

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: