Article #8

Once again! David Stockman is to criticize the works and the workers of the Fed, claiming they do not know how to control the system. This time he specifically goes against Janet Yellen, whom is the chairman at this time. He claims that her Keynesian methods and tactics are not trying to help the economy, instead there is a deterioration that will sooner or later lead to a collapse. He then mentions that the US is trying to avoid the declining interest rates that are occurring in other parts around the world. Then he goes about to say that the zero interest rate and the negative interest rate would not help, and that she would need to stop thinking about the past and rather focus on present issues. He talks about how households and businesses have peek debt and that there is no sort of movement made in order to help them. Rather the Fed has decided to go around the issue, instead of actually fixing the result. Slowing not only economic but job growth as well. Then he goes and argues how there's been no progress that rather the jobs are the same jobs that had already existed. Not only this but he also points out how through most of her arguments Yeller contradicts herself. He is angry at the Fed and the job that they are doing.