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Flip-Flops, A Tidbit, Knowing What’s Important

Flip-Flop According to William Safire’s 1982 New York Times column On Language, the term flip-flop took off in the 1940s and was used by political commentators to accuse opponents of opportunism. For example, Richard Nixon’s decision to impose wage and price controls in 1971 even after reviling them for many years. This was criticized as a flip-flop, which he countered with “circumstances change.” Presidential candidates are the usual targets of flip-flop accusations, but recently the Federal Reserve Chairman Janet Yellen has been targeted. In September 2015, when the market was anticipating rate “lift-off,” Yellen told the post-meeting press conference that due to “heightened uncertainties

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