Biden Chief Advisor can't explain if we borrow and print money. Not the BEE

This is scary incompetent and probably criminally so.

Daily Caller

‘I Don’t Get It’: Biden’s Chief Econ Advisor Struggles To Explain Theory Underpinning ‘Bidenomics,’ Mass Spending

Biden chief economic adviser Jared Bernstein struggled to explain modern monetary theory underpinning “Bidenomics” and mass spending in a newly released documentary.

Bernstein stuttered and pondered as he attempted to explain why the U.S. government borrows money when it is capable of printing its own currency.

“Like you said, they print the dollars. So why, why does the government even borrow?” an interviewer asked Bernstein.

“Well, um, the uh … so the … I mean, again, some of this stuff gets — some of the … language that — some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why … um … the government definitely prints money and then it lends that money by, uh, by selling bonds. Is that what they do? … They, they uh … they, yeah, they um … they sell bonds … yeah, they sell bonds. Right? Since they sell bonds and then people buy the bonds and lend them the money,” Bernstein said in the documentary, “Finding The Money.”



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