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
what, as if he’d be more trustworthy and competent if he was able to eloquently rattle off the boilerplate mystifications of the neoliberal clerisy? it’s telling that the fascists at the Daily Mail framed this as him being stupid and uncredentialed without acknowledging the content of the question which no government economist would be able to adequately answer. They don’t even mention MMT, an acronym which Bernstein almost lets slip. Check the comments if you want to see what kind of droolers fall for this narrativization.