Zach Carter at Huffington Post gives a bill of particulars on Yellen’s policy positions. The fact that she has been touted as being more dovish on interest rates right now and a better forecaster than Summers has directed attention away from the fact that her economic views are firmly neoliberal, meaning antagonistic to the interests of ordinary citizens. In addition, she has a history of being a “don’t rock the boat” type, which is safe from a career advancement standpoint and looked sound during the 1990s, when the great experiment in creating an appearance of prosperity via rising consumer leverage still has a way to run before it hit its inevitable limits.

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Yellen supported a host of economic policies during the Clinton era that have since become broadly unpopular. She backed the repeal of the landmark Glass-Steagall bank reform and she supported the 1993 North American Free Trade Agreement. She also pressured the government to develop a new statistical metric intended to lower payments to senior citizens on Social Security….