02MAY24f
CLIP: We hear a lot about the national debt.
But do currency-issuing governments really ‘borrow' their own currencies?
The answer might surprise you.
FindingMoneyDoc/status/1786050601236779078
- threadreaderapp.com/thread/1786050…
peter03102.com/TFiles/#02MAY2…
JARED BERNSTEIN @econjared46
Chair of the United States Council of Economic Advisers
@econjared46 In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers despite not having a formal background in economics.
- en.wikipedia.org/wiki/Jared_Ber…
@econjared46 Council of Economic Advisers
charged with providing the President objective economic advice on the formulation of both domestic and international economic policy.
- whitehouse.gov/cea/
@econjared46 Biden economic advisor Jared Bernstein turns into bumbling mess after he's asked why the government borrows money if they can just keep printing it.
We are so screwed.
CollinRugg/status/1786467722790048050
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@econjared46 Part of the clip with subtitles on the video.
@econjared46 BIDENOMICS: The reason the economy is imploding might be because this guy, Jared Bernstein, Chair of Biden’s Council of Economic Advisors is setting our economic policy. His background? Bachelors in Music and Doctorate in Social Welfare.
amuse/status/1786386104200896569
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@econjared46 Federal Reserve 1/2
About the Fed
The Federal Reserve System is the central bank of the United States.
[there is an interesting video to watch]
- federalreserve.gov/aboutthefed.htm
@econjared46 Federal Reserve 2/2
Federal Reserve Board of Governors
appointed by the President and confirmed by the Senate
provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. The Board reports to and is directly accountable to the Congress
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@econjared46 "If [Biden] is re-elected, how long would it take for prices to come down?"
Top Biden economic advisor Jared Bernstein: Uhh...
@econjared46 JackPosobiec on Biden’s chief economic advisor Jared Bernstein: "This guy, by the way, doesn't actually have a background in economics"
@econjared46 Don’t worry, Chair of the White House Council of Economic Advisers. Let the president of El Salvador explain U.S. money printing for you
@econjared46 Finding the Money OFFICIAL TRAILER
An intrepid group of economists is on a mission to instigate a paradigm shift by flipping our understanding of the national debt — and the nature of money — upside down.
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@econjared46 Stephanie Kelton - “Finding the Money” & “The Deficit Myth” | The Daily Show
professor of economics and public policy, talks __ about changing our understanding of government spending through MMT, or Modern Money Theory.
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@econjared46 Biden's Economic Adviser Tries and Fails To Explain How Money Works
Jared Bernstein, economic adviser to President Joe Biden, struggles to explain why the U.S. government chooses to borrow money when it can just print more.
[the clip on YouTube]
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@econjared46 The Ponzi Scheme of Printing Money [Explained]
Kevin is a licensed financial advisor, active ETF manager, real estate broker, former lender, former licensed contractor, and educator.
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@econjared46 Stephanie Kelton: The big myth of government deficits | TED
Government deficits have gotten a bad rap, says economist Stephanie Kelton.
"We have the resources we need to begin repairing our broken systems," Kelton says.
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@econjared46 Just to be perfectly clear, finding government officials who do understand the monetary system/monetary operations is a lot harder than finding those who don't.
StephanieKelton/status/1786823893698703517
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