Janet Yellen’s Fantastic Economics – WSJ

Janet Yellen is a prominent economist, but her tenure as Treasury Secretary has not enhanced her reputation. Her lack of clout with President Biden meant she couldn’t stop bad policy (student loan cancellation), and now the White House is deploying her during election season to paint the US economy as a Valhalla of growth. , fairness and optimism. It’s not believable even if you’re driving a You’re here and live in Montecito.

Ms. Yellen spoke at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, and you know why. Ford is receiving a spurt of new subsidies and regulatory favors under the Biden administration’s new industrial policy. If you’re in a green business that the White House loves, you’re in the clover. Otherwise, you will bear the costs of additional regulations and taxes. In the Biden era, big government and big business are in political business together.


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