Americans now paying the price for the ‘free money’ they received during the pandemic
By Richard W. Rahn - - Monday, June 6, 2022
OPINION:
All too much of our lives are controlled by a tyranny of government “experts.” This past week, Treasury Secretary Janet Yellen admitted she had been wrong about inflation. It would have been nicer if she had the decency to resign since Ms. Yellen and Fed Chair Jerome Powell were the prime actors in creating the new great inflation, which has lowered living standards for hundreds of millions of their fellow citizens.
Expecting those who make very bad decisions, which cause great misery, to resign is a very mild rebuke — and used to be common when people took responsibility for their actions. Think of the great pain and damage that Dr. Antony Fauci and his colleagues at the CDC have done to tens of millions of children by ordering shutdowns of schools, not based on real science or cost-benefit analysis. He has yet to apologize, let alone resign or find an appropriate way to meet his maker.
Because of the limits of knowledge we all have individually and collectively, we ought not to be too harsh on those who make policy mistakes — provided they acknowledge beforehand the limits of their knowledge and that their opinions are only advisory and not mandatory.
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READ MORE: https://www.washingtontimes.com/news/2022/jun/6/americans-now-paying-the-price-for-the-free-money-/
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