Janet Yellen is testifying before congress today. Ms Yellen is the epitome of a fantasy based economist. She is the kind that gets paid. She is a good enough accountant but nothing she or the other Open Market Committee members have any utility to society.
If Janet Yellen, Elmer Fudd and an astrologer each came up with a unique government economic policy, which would have the best plan? Probably Elmer Fudd would have the best idea. Yellen would have no chance because she is driven by strong political agendas. The astrologer might luck out and do no harm. Why would Elmer Fudd do so well? There is some possibility he would say to do nothing.