Few academics have fallen as far from grace as Treasury Secretary Janet Yellen. Instead of composing lectures from her Ivy League ivory tower, she’s been reduced to penning editorials defending the indefensible: Bidenomics.
Her latest screed plays a shell game with the facts, telling the American people to disbelieve their lying eyes and empty wallets. The truth is much simpler than Yellen portrays: The middle class has gotten shellacked by the very policies she has helped implement.
Even the truths which Yellen writes seem to be in service of lies. For example, while she correctly notes that inflation has come down markedly, that implicitly acknowledges inflation was previously very high—which she conspicuously omits, along with her share of the blame.
What caused that inflation? The policies for which Yellen strongly advocated: government overspending,…
