Wrong Again: ‘Experts’ Keep Missing the Mark on Inflation
“Economists exist to make weathermen look good.” Inflation: Why the Economists were Wrong In early June 2021, then-Treasury Secretary Janet Yellen used the word ‘transitory’ to describe U.S. inflation. At the time, the consumer price index (CPI) was at an already elevated 5%. Over the next few months, Yellen would repeat her sentiment that inflation…

