Yellen has exemplified the worst of monetary policy over the last decade: first as Federal Reserve chair, keeping rates far too low for far too long while admittedly not understanding inflation, and now as Treasury Secretary, encouraging additional spending and continuing to display a stunning lack of economic basics when talking about the nation's current inflation (and soon to be recessionary) problem.

She has been in the news over the last couple weeks after being publicly labeled with the ultimate Keynesian insult of someone who didn't urge more spending 24 hours a day, 7 days a week. After it was reported that Yellen may have suggested the Biden administration spend less in 2021, Yellen came out last week and promptly defended her Keynesian honor by correcting the record.