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Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is

Audio Mises Wire

Tags Big GovernmentEconomic PolicyThe FedInflationMonetary PolicyU.S. EconomyGold Standard

06/24/2022Frank Shostak

Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.

Original Article: "Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is"

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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is