this post was submitted on 17 May 2024

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politics

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106

Awkward moment Biden's economic adviser Jared Bernstein admits he can't explain how money works (www.dailymail.co.uk)

submitted 6 months ago by Amoxtli@thelemmy.club to c/politics@hexbear.net

34 comments fedilink hide all child comments

cross-posted from: https://thelemmy.club/post/12591808

Jared Bernstein, Joe Biden's Chief Economist, faced difficulties explaining money's workings in a documentary or Finding The Money,' despite his role.

He stumbled through concepts, highlighting the confusion around government money printing and borrowing

Bernstein, who is head of the US Council of Economic Advisers, is not formally trained in economics and appeared bewildered in the clip

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[–] SoyViking@hexbear.net 59 points 6 months ago

A radicalising moment for many people, including myself, is realising that the adults in the room are just as stupid and clueless as the rest of us and in many cases they're being made even dumber than that by their own internal turf wars.