this post was submitted on 17 May 2024

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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

33 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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[–] Wertheimer@hexbear.net 33 points 6 months ago (1 children)

'Language and concepts can be unnecessarily confusing,' he surmised.

[–] RyanGosling@hexbear.net 15 points 6 months ago

Then at the end he says “I don’t see what’s confusing about it”