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Yellen hints at boosting inflation to create jobs (Obama's Federal Reserve chairwoman nominee)
The Daily Caller ^ | October 9, 2013 | Tim Cavanaugh, executive editor

Posted on 10/09/2013 3:13:15 PM PDT by 2ndDivisionVet

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1 posted on 10/09/2013 3:13:15 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Oh yeah, inflation is just what we need.


2 posted on 10/09/2013 3:14:55 PM PDT by Paladin2
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To: 2ndDivisionVet

Obama Administration Motto:

“You think it’s bad now? Wait until tomorrow.”


3 posted on 10/09/2013 3:16:56 PM PDT by Iron Munro (When a killer screams 'Allahu Akbar' you don't need to be mystified about a motive.)
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To: 2ndDivisionVet

Let’s first see if she can receive confirmation from the Senate.


4 posted on 10/09/2013 3:17:53 PM PDT by vette6387 (i)
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To: 2ndDivisionVet

Can’t wait for those trillion-dollar paychecks.


5 posted on 10/09/2013 3:17:58 PM PDT by Olog-hai
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To: 2ndDivisionVet

The 1970’s were so wonderful the first time around.


6 posted on 10/09/2013 3:19:27 PM PDT by GeorgeTex (Obama-The Ultimate Terrorist Weapon.)
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To: Paladin2

“Oh yeah, inflation is just what we need.”

This is how the Fed is going to get “paid back” all the money they’ve lent. Just devalue everything and voila!, you have everything “fixed.”


7 posted on 10/09/2013 3:20:04 PM PDT by vette6387 (i)
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To: Paladin2
I don't get it - QE the rule for years now, unemployment has just gotten worse.

Never mind, I do get it. But its still insane.

8 posted on 10/09/2013 3:20:11 PM PDT by skeeter
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To: 2ndDivisionVet

“The socialist revolution can only succeed when the bourgeois (the Middle Class)are crushed between the twin grindstones of inflation and taxation


9 posted on 10/09/2013 3:21:56 PM PDT by tcrlaf (Well, it is what the Sheeple voted for....)
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To: 2ndDivisionVet
“The Fed’s mandate is to serve all Americans,” Yellen said.

...and how would inflation serve those on fixed incomes and/or savers? Since I am both, perhaps I am no longer part of "all Americans."

10 posted on 10/09/2013 3:24:29 PM PDT by Roccus
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To: 2ndDivisionVet

THE PHILLIPS CURVE IS DEAD!!!!

.....

In economics, the Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy. Stated simply, lower unemployment in an economy is correlated with a higher rate of inflation.

.....

In the 1970s, many countries experienced high levels of both inflation and unemployment also known as stagflation. Theories based on the Phillips curve suggested that this could not happen, and the curve came under a concerted attack from a group of economists headed by Milton Friedman. Friedman argued that the Phillips curve relationship was only a short-run phenomenon. He argued that in the long run, workers and employers will take inflation into account, resulting in employment contracts that increase pay at rates near anticipated inflation. Unemployment would then begin to rise back to its previous level, but now with higher inflation rates.

.....

Most economists no longer use the Phillips curve in its original form because it was shown to be too simplistic.[3]

http://en.wikipedia.org/wiki/Phillips_curve


11 posted on 10/09/2013 3:24:59 PM PDT by Uncle Miltie ("So the minimum plan for obamacare is 100 bucks a month I like you Obama but nigga I'm broke")
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To: 2ndDivisionVet
In “The Wealth of Nations,” economist Adam Smith...

I would highly encourage anyone who wishes to understand economics to read this book. It is written in a time when there were a greater number of countries, particularly European, each having its own solution to economic policy. He also had the epitome of economic freedom, the American colonies, to study.

The man was an economic genius for all time.

Tough read, but worth it.

12 posted on 10/09/2013 3:26:05 PM PDT by Aevery_Freeman (Tried to tell 'em Affirmative Action was a bad idea...Now look what happened!)
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To: 2ndDivisionVet

She isn’t going to have any choice. The policies she and her moron hero and Bernanke have been pursuing GUARANTEE inflation.

This is a classic case of trying to get in front of an issue.


13 posted on 10/09/2013 3:27:55 PM PDT by SoFloFreeper
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To: vette6387

If she’s O’s choice, I’ll bet Harry Reid will be all in.


14 posted on 10/09/2013 3:32:12 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: SoFloFreeper

Guy on Varney (FOX Business) said he expected deflation then inflation. Obama’s destruction of America as we knew it is on track.


15 posted on 10/09/2013 3:32:37 PM PDT by Cold Heart
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To: 2ndDivisionVet

-——Yellen is expected to accelerate the devaluation of the dollar———

bert, bert, bert........... you have been so right for so long it is almost embarrassing


16 posted on 10/09/2013 3:33:07 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: 2ndDivisionVet
GOVERNMENT jobs, like 0bamacare is? The evil octopus is growing before our eyes.


17 posted on 10/09/2013 3:33:25 PM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: Paladin2

Stagflation 2.0 here we come!


18 posted on 10/09/2013 3:34:04 PM PDT by 9YearLurker
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To: 2ndDivisionVet
Yellen hints at boosting inflation to create jobs (Obama's Federal Reserve chairwoman nominee)

Hints? She's been screaming it. It's why she's been appointed. The beatings will continue till unemployment improves.

19 posted on 10/09/2013 3:35:19 PM PDT by BfloGuy (Workers and consumers are, of course, identical.)
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To: GeorgeTex

Here come the leisure suits.

20 posted on 10/09/2013 3:35:45 PM PDT by 2ndDivisionVet (You can't invade the mainland US There'd be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

I’m working full time and struggling like hell and this bimbo wants to create more inflation.All I can say is I hope the republicans can her nomination to lead the Federal Reserve Board.

If the republicans were smart they would disband the FED.It has done nothing but suck the life out of the working man for the last 40 plus years.I’ve had it with the FED.


21 posted on 10/09/2013 3:39:42 PM PDT by puppypusher (The World is going to the dogs.)
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To: bert; PeterPrinciple; MosesKnows

-———What Interest Rate Halts Borrowing?———

We’re about to find out it seems : )

http://freerepublic.com/focus/f-news/3076441/posts


22 posted on 10/09/2013 3:39:48 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: 2ndDivisionVet

Yeh get those interest rates up high enough and $5 for a can of soup and everything will be fantabulous.


23 posted on 10/09/2013 3:57:07 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: 2ndDivisionVet
Yellen needs to read this book, which I'm currently reading:



The author clearly shows that increasing the money supply the way the Fed is doing now, in order to inflate the currency, has never worked before in history and has always been counterproductive.
24 posted on 10/09/2013 3:58:30 PM PDT by Signalman
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To: Paladin2

The old saying was, “Smooth move, Ex-lax!” Another friggin’ moron! Bob


25 posted on 10/09/2013 4:00:31 PM PDT by alstewartfan ("Guardian angels, wherever you may be Reach down and keep my soul for me. Al Stewart)
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To: Uncle Miltie
Economics is NOT a Science.

(Never wuz)

26 posted on 10/09/2013 4:05:47 PM PDT by Paladin2
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To: 2ndDivisionVet
"“The Fed’s mandate is to serve all Americans,” Yellen said."

Really?


27 posted on 10/09/2013 4:07:08 PM PDT by Paladin2
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To: Paladin2
She also believes that free markets aren't always helpful...that they need *help* from the government. ....sigh....
28 posted on 10/09/2013 4:10:28 PM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: 2ndDivisionVet

But will she “focus like a laser” on jobs?


29 posted on 10/09/2013 4:11:04 PM PDT by PaleoBob
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To: Jane Long
"...progressive RINOs assist! "

Dang right there!

27 vs 19 ?

We got a lot of work to do.

30 posted on 10/09/2013 4:12:48 PM PDT by Paladin2
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31 posted on 10/09/2013 4:19:53 PM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: vette6387

The first woman Fed president? Of course she will be confirmed. PC trumps all other considerations.


32 posted on 10/09/2013 4:21:49 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: 2ndDivisionVet
Weimar, here we come!!!
33 posted on 10/09/2013 4:27:05 PM PDT by mojito (Zero, our Nero.)
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To: 2ndDivisionVet

None of those people could run a free lunch stand.


34 posted on 10/09/2013 4:27:08 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Iron Munro

Obama Administration Motto:

“You think it’s bad now? Wait until tomorrow.”


With Obama, yesterday was always better than today.


35 posted on 10/09/2013 4:43:38 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: 2ndDivisionVet

High inflation - high interest rates. We’re screwed both ways.


36 posted on 10/09/2013 4:53:29 PM PDT by Lent
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To: 2ndDivisionVet

Announcing her intention to be the executioner of the US dollar. Ben chickened out of finishing the job, I guess.


37 posted on 10/09/2013 4:57:55 PM PDT by thoughtomator 2.0
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To: vette6387

she will be confirmed. she has qualifications a mile long and those RINOs won’t stop her. She’s in.

Liberal Fed Chair focusing on jobs = socialist meddling

This can’t be good.


38 posted on 10/09/2013 5:01:59 PM PDT by plain talk
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To: 2ndDivisionVet

I was astounded to hear from my grandson in San Francisco that he doesn’t have a single friend or co-worker there who is paying back their student loans. Apparently they are all expecting hyper-inflation to enable them to do it, soon.


39 posted on 10/09/2013 5:02:33 PM PDT by Liberty Wins ( The average lefty is synapse challenged)
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To: Liberty Wins

Those students are not going to be able to find jobs that will enable them to pay back the loans.

Yellen thinks she is going to be able to create jobs with her printing press.

Businesses are not going to be hiring while the Bolsheviks are destroying the USA.


40 posted on 10/09/2013 5:15:10 PM PDT by Flavious_Maximus
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To: Flavious_Maximus

They all have high paying jobs now in S.F.


41 posted on 10/09/2013 5:28:33 PM PDT by Liberty Wins ( The average lefty is synapse challenged)
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To: Iron Munro

Everything with the 0bama administration is corrupt including the 2012 election.


42 posted on 10/09/2013 5:36:19 PM PDT by kevinm13 (Tim Geithner is a tax cheat. Manmade "Global Warming" is a HOAX!)
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To: vette6387

We know how that goes. If they don’t confirm her, they “hate women.”


43 posted on 10/09/2013 5:37:38 PM PDT by familyop
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To: 2ndDivisionVet; a fool in paradise
Terry is rested and ready for a comeback!


44 posted on 10/09/2013 5:39:53 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: 2ndDivisionVet

Great, another dyke appointment.

You CANNOT fix retarded.


45 posted on 10/09/2013 5:47:14 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Paladin2
Heh....exactly. To serve man. I wish I could laugh at all of this, but I've seen it before....

...and there's no Ronaldus Maximus to pull us out this time.
46 posted on 10/09/2013 5:58:50 PM PDT by 98ZJ USMC
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To: 98ZJ USMC
We are seriously screwed, but as an OWG (Old White Guy) I can get to a Virtual Galt situation to live out my days.

I've told my kids that its (their fault) up to them if they want to remain free.

Hopefully they will wake up.

47 posted on 10/09/2013 6:03:42 PM PDT by Paladin2
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To: 2ndDivisionVet

She will do whatever the idiot in the White House tells her to do.

The Bonds we are buying with the money we are printing , are as worthless as the money and printed on the same press.

My question is why bother to print the bonds, it’s wasteful, just print the money and be done with it.


48 posted on 10/09/2013 6:05:43 PM PDT by Venturer (Keep Obama and you aint seen nothing yet.)
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To: 2ndDivisionVet

- Germany Cricket


49 posted on 10/09/2013 6:06:34 PM PDT by devolve (----- ----- ----- ----- shall not infringe upon my smoking MacBook PRO ----- ----- ----- -----)
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To: 2ndDivisionVet

http://www.professorfekete.com/articles%5CAEFGotterdammerung.pdf
GÖTTERDÄMMERUNG
The Twilight of Irredeemable Debt
Antal E. Fekete
Gold Standard University


50 posted on 10/09/2013 6:26:04 PM PDT by Stentor
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