Tag: Janet Yellen
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Janet Yellen and the U.S. Debt Explosion: A Legacy of Apologies
Janet Yellen, the esteemed economist and former Federal Reserve Chair, assumed her role as U.S. Treasury Secretary in January 2021. Heralded as a steady hand during turbulent times, she was expected to navigate the United States through post-pandemic recovery and mounting economic challenges. However, under her watch, the U.S. national debt has skyrocketed to unprecedented…
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The Next Thing Might Be Helicopter Money
James Grant, Wall Street expert and editor of the investment journal Grant’s Interest Rate Observer, warns of ever more extreme central bank policies and bets on the comeback of gold. The global financial markets are under severe stress. The postponed interest rate hike in the United States, the fast cooldown of the Chinese economy and…