Yellen in Fantasy Land — Biden's $1.9 Trillion Will Get Full Employment

Janet Yellen, Biden’s Treasury Secretary, is clearly in gaga land, just as she sounds. “The U.S. could reach full employment next year if Congress passes Biden’s stimulus plan,” writes CNN, reporting on her appearances on the Sunday talking heads this morning. She also warned that unemployment would remain elevated over the next few years without the additional $1.9 trillion in federal support.