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

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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!

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2021 demands.

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