by David Haggith, Gold Seek:

Janet Yellen figured out that Covid stimulus may have contributed “a little bit” to inflation. What a chipmunk! With dim-bulb illumination like that, it’s no wonder she finds it “hard to see how the math [of DOGE] works.” Is it hard to see how government efficiency helps reduce the budget deficit, Dear Yanet?

Yanet thinks that it was almost exclusively shortages of goods due to the supply-line crisis that caused inflation after the Covid lockdowns. Apparently, as Treasurer, she doesn’t know the most elementary formula for inflation: too much money chasing too few goods. She gets the last part because none of that can be blamed on her as Treasurer. She conveniently forgets—or was just never well educated in the fundamentals of economics—that it is when you have an over-supply of money confronting an undersupply of goods and services that inflation really catches fire because people will deploy the surplus money to chase after the goods they need or want.