What Yellen must do

Joseph Stiglitz  |  Columbia University  |  07 December 2020

US President-elect Joe Biden’s decision to appoint Janet Yellen as the next Secretary of the Treasury is good news for America and the world. The United States has survived four years under a mendacious president who has no understanding of, let alone respect for, the rule of law, the principles undergirding democracy and the market economy - or even basic human decency. Not only has Donald Trump spent the weeks since the presidential election spewing lies about non-existent voter fraud, he has also convinced a large majority of his party to embrace these lies, thus revealing the frailty of American democ...

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