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
  • ElGosso [he/him]
    ·
    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