Listen I have ranted about this in the past but it appears that it needs to be done again. Economics is not a science and it is known as the dismissal science for that very reason. They are just making it up as they go. Paul Krugman, a Nobel prize winner has been wrong about everything for decades. I believe that 17 economic Nobel prize winners signed a letter saying that pumping money into the economy wouldn’t lead to inflation.
It’s all bs. I have an MBA and as I have said before they can’t answer simple questions about reality. Basic supply and demand curves are okay but not really. I asked my economics professor a basic question about the reality of that assumption and he had no answer and said no one had ever posited that before. And as previously ranted about when I was at Harvard. I asked an idiot who was talked about as being the next Nobel laureate and he folded like a cheap suit because no one had ever pointed out his nonsense. It was like a modern day playing out of the Emperor has no clothes. People please don’t pay any attention to leftist economists. They are full of shit and anything but scientists.
BTW Janet Yellen is special needs.