Dow 3000—And Just In Time, Janet Yellen’s Baaaack!

Janet Yellen is apparently baaaack. So we are unavoidably put in mind of the manifold follies of Keynesian central banking.

That’s because in many ways Yellen’s tenure as Fed Chairman was far worse than Bernanke’s. At least the Bernank’s money-printing madness was undergirded by his credentials as a misguided scholar of the Great Depression and the mistaken conclusion that the Wall Street meltdown of September 2008 was the prelude to another such occurrence.