This article was originally published on 12/05/2020 for my informal email list. I’m re-posting some of my earlier newsletters here as a gradual process to shift to Substack. Is Yellen a move to appease the Progressive Left? A much wiser economist uttered a crucial idea a few months ago that essentially predicted today’s situation: If Biden wins but the Republicans still control the Senate, it would be easy for Biden to push for establishment Democrats for political appointments.