Alternet - In 2010, Kudlow warned that the choice of Janet Yellen to become vice chair of the Federal Reserve risked unleashing a devastating wave of inflation. Her focus on reducing unemployment risked letting the money supply rise uncontrollably, dooming the recovery from the Great Recession.
Of course, none of that happened. Inflation has been on average below target since 2009. Yellen became the Fed chair in 2014, and her policies helped spur the steady economic growth and low unemployment rate for which Trump thinks he deserves all the credit.
As Jonathan Chait explains, Kudlow was seeing signs of economic recovery in July 2008 — after evidence of the housing crisis had long been apparent, but well before the country sank to the greatest depths of the recession.
Chait also chronicles Kudlow's long history of supporting the Republican dogma that all tax cuts are good, completely ignoring the reams of evidence to the contrary.
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