So, it is not reporting of individual transactions or anything of the like. And it would be a simple thing for banks and other payment providers to p… - Janet Yellen

Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.

In a matter of days, millions of Americans could be strapped for cash.”

[<nowiki/>New classical economics] was the starting point for a rightward shift in economics that went against the idea that monetary policy can improve macroeconomic outcomes.