this post was submitted on 17 May 2024

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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

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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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[–] ElGosso@hexbear.net 8 points 6 months ago

I'm too lazy to watch the video for the context, but how money works is that it is exchanged for goods and services very-smart