Photo Credit: Wikipedia/AgnosticPreachersKid
By Catherine Austin Fitts
Janet Yellen has been announced as the new Federal Reserve Chairman. That’s good news. She was the best candidate on the President’s list. First of all she is an adult. She is also experienced within the Fed’s bureaucracy, which matters given the constraints under which the Chairman must operate. Finally, she is aware that humans exist and that they matter in a healthy economy. While financial fraud could make it possible (and convenient) for recent Fed Chairmen to be indifferent to the right side of the balance sheet, the next appointee would be well served to be concerned with reality.
