US News

2043 readers

40 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge (www.forbes.com)

submitted 4 months ago by [email protected] to c/[email protected]

21 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 18 points 3 months ago (1 children)

She's a neoliberal economist (ie someone who lays down academic cover for the empire). She was the Federal Reserve chair under Obama and has been the Treasury Secretary under Biden.

Her earlier career included time at the Fed, during which she wrote a paper clearly stating the purpose of raising interest rates: to further oppress the working class.

[–] [email protected] 11 points 3 months ago* (last edited 3 months ago)

And then proceeded to hike interest rates at astronomical speeds during her tenure