Quote of the Day: Milton Friedman? Yeah, That Name Rings a Bell.

| Thu May 8, 2014 6:31 PM EDT

From Fed chair Janet Yellen, responding to Sen. Chuck Grassley's deep concern that perhaps the Fed still hasn't learned the inflationary lessons of the 1970s:

The Federal Reserve is very well aware of Milton Friedman’s theory.

Question: would you say that Grassley was guilty of mansplaining? Click the link and you be the judge!