'S**t Show': Jon Stewart Blasts Dems' Coping Antics Following Their 2024 Election Defeat
Trump's Border Czar Issues a Warning to Dem Politicians Pledging to Shelter Illegal...
Why Again Do We Still Have a Special Relationship With the Tyrannical UK?
Remember Those Two Jordanians Who Tried to Infiltrate a Marine Corps Base? Well…
Is There Trouble Ahead for Pete Hegseth?
Celebrate Diversity (Or Else)!
Journos Now Believe the Liar Trump When Convenient, and Did Newsweek Provide the...
To Vet or Not to Vet
Trump: From 'Fascist' to 'Let's Do Lunch'
Newton's Third Law of Politics
Religious Belief and the 2024 Election
Restoring American Strength and Security with Trump’s Cabinet Picks
Linda McMahon to Education May Choke Foreign Influence Operations on Campus
Unburden Us From the Universities
Watch Jasmine Crockett Go On Rant About White People Over the Abolishment of...
Tipsheet

Joe Biden's Economic Advisor Has No Idea How 'Bidenomics' Work

AP Photo/Jacquelyn Martin

President Joe Biden’s chief economic adviser struggled to explain a simple economic question during a newly released documentary titled “Finding The Money.” 

Advertisement

Jared Bernstein stuttered several times when asked why the government borrows trillions of dollars when it can easily just print its own currency. 

“Like you said, they print the dollars. So why, why does the government even borrow?” A reporter asked. 

In response, Biden’s economic advisor said that the language of it was “confusing,” sparking concern that Bernstein has no idea how bonds actually work. 

Bernstein continued to say that he doesn’t “get” what people mean when they propose that the government should print more money rather than borrow it. He also struggled to describe basic concepts regarding the U.S. monetary system, indicating that he didn’t know how it worked himself. 

“Well, um, the uh … so the … I mean, again, some of this stuff gets — some of the … language that — some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why … um … the government definitely prints money and then it lends that money by, uh, by selling bonds. Is that what they do? … They, they uh … they, yeah, they um … they sell bonds … yeah, they sell bonds. Right? Since they sell bonds and then people buy the bonds and lend them the money. 

“Yeah, I mean I can’t really talk about it. I don’t get it. I don’t know what they’re talking about because it’s like, the government clearly prints money. It does it all the time, and it clearly borrows. Otherwise we wouldn’t be having this debt and deficit conversation. So, I don’t think there’s anything confusing there.” Via @RnaudBertrand 

Advertisement

The economic advisor has been a crucial part in promoting Bidenomics, which was supposed to slow inflation down and has reached historic levels since the president entered office. 

Critics of Bernstein were also quick to point out that Biden’s economic advisor graduated with a bachelor's degree in music from the Manhattan School of Music. 


Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement