Editorial, includes “… Ms. Yellen is an economist by training but she’s a political economist by experience. Most recently she was Chair of the Federal Reserve during President Obama’s second term. … She trained under economist James Tobin at Yale and throughout her long career she has followed the Tobin precepts of easy money, with generous social spending financed by tax increases. She believes in the Keynesian precept that federal spending spurs economic growth …”
Read the full article on: The Wall Street Journal