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http://finance.fortune.cnn.com/2013/...rve/?iid=HP_LN
The one issue about Yellen that does have legitimacy is her dovish stance on monetary policy. Regrettably, she has been a strong advocate of the Fed's unprecedented bond buying and zero interest rate policies (ZIRP). Anyone who reads my columns knows that I have been a staunch critic of the Fed's aggressive market interventions, which have gone on for far too long. They have punished savers, created new sources of financial instability, worsened income inequality, and allowed our elective officials to feast on cheap debt while shirking their responsibility to develop coherent fiscal policies. (But let me tell you how I really feel.)
The one issue about Yellen that does have legitimacy is her dovish stance on monetary policy. Regrettably, she has been a strong advocate of the Fed's unprecedented bond buying and zero interest rate policies (ZIRP). Anyone who reads my columns knows that I have been a staunch critic of the Fed's aggressive market interventions, which have gone on for far too long. They have punished savers, created new sources of financial instability, worsened income inequality, and allowed our elective officials to feast on cheap debt while shirking their responsibility to develop coherent fiscal policies. (But let me tell you how I really feel.)