Thomas Massie Slams Janet Yellen’s Economic Mismanagement
Everyone and their dog has a hot take on America’s growing inflation problem. The average liberal or leftist pundit will say that it’s the product of greedy speculators or even Russia’s invasion of Ukraine.
Yet, no one will mention the real culprits behind America’s inflation woes — Congress and the Federal Reserve.
Well, only Kentucky Congressman Thomas Massie has the foresight to expose the main actors behind America’s current bout with inflation.
On June 1, 2022, Secretary of the US Treasury Janet Yellen admitted that inflation in the US was not transitory. During an interview with Wolf Blitzer on CNN, Yellen conceded:
“I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t — at the time didn’t fully understand. But we recognize that now.”
The Federal Reserve is taking the steps that it needs to take. It’s up to them to decide what to do. And, for our part, President Biden is focused on supplementing what the Fed does with actions we can take to lower the cost that Americans face for important expenditures they have in their budgets.
Massie tweeted in response to Yellen’s revelations:
“Congress and the Fed are the main causes of the inflation we are experiencing now. Anyone claiming they didn’t see this coming should not be in a position of influence, and never should have been.”
Congress and the Fed are the main causes of the inflation we are experiencing now. Anyone claiming they didn’t see this coming should not be in a position of influence, and never should have been. https://t.co/oUZxJ2lN0C
— Thomas Massie (@RepThomasMassie) June 2, 2022
Sound money and fiscal responsibility have largely eluded the DC Swamp. Instead, they think that quick fixes like spending money to buy votes and printing money to finance the government’s largesse will keep economic matters intact. Sadly, such measures are putting the country on the path to economic destruction.
Massie is a lone voice in the wilderness warning about the perils of such reckless economic policy. Populist right-candidates and elected officials would be wise to heed Massie’s warnings and embrace his economic wisdom.
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