A viral clip of an interview with President Joe Biden’s economic adviser Jared Bernstein shows the official struggling to explain why the U.S. government chooses to borrow money when it can just print more.
"The government definitely prints money, and it definitely lends that money … by selling bonds. Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend them the money," Bernstein, chair of the Council of Economic Advisers, said when asked why the federal government borrows currency it can print.
Bernstein has a Masters and Doctorate in Social Work. He has absolutely zero training or education in economics.. and obviously doesn't understand even the basics. Which means he, like all the "advisors" to this clown shoes administration is perfectly qualified.
ReplyDeleteHey, give him a break. He came highly recommended by ferret-faced Paul Krugman, whose answer to everything is print and spend more money.
DeleteActually his bachelor degree is in music. Maybe he can fiddle while Rome burns.
DeleteThis is scary. Almost as good as the AFT agent that couldn't figure out how to field strip a glock.
ReplyDeleteThis doesn't surprise me
ReplyDeleteAnd the Director of the US MInt spent her entire career in HR. As Jimmy Buffett noted years ago, "... I pushed the Fool Button, Doubleknit on parade...."
ReplyDeleteToo many words. All we need is "Biden's Economic Adviser Fails"
ReplyDeleteAll we know is the biden, biden's cabinet and agency heads are a charade. Someone is behind the scenes making all the decisions. One big puppet show. Republicans could careless. I expect that from china mitch and The Johnson. But all the others?
ReplyDeletere: all the others-
DeleteIn the immortal words of Chuck Schumer, the intelligence agencies have eight ways from Sunday of getting you if you're not on the Deep State team. Which must mean Marjorie Taylor Greene must be absolutely squeaky clean.
like the rest of the "Biden crew" he is a moron. it is the fucking assholes who stay hidden in the background that we need to find out who they are. they are the ones doing the work of destroying our country. and if they do happen to lose this election, they will slip away into the background. we can not let that happen. they have to be held to account for what they have done. before they board private jets to escape to some nice place paid for my Soros kid Alex. why else is he there as often as he is ? if they think they might get caught, they will all run. plan on it. they will leave the morons to face the "music" alone.
ReplyDeletewatch all of the private airfields in a 200 mile radius of DC. dave in pa.