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
  • moujikman [none/use name]@hexbear.netEnglish
    7·
    6 months ago

    100%, it can get even crazier too, if people think there is inflation then it causes inflation. Macro-economics isn’t real and its 80% in peoples heads, 20% material conditions.