Jared Bernstein: Economic advisor to Biden

[beej]

https://freebeacon.com/latest-news/watch-bidens-economic-adviser-tries-and-fails-to-explain-how-money-works/

A viral clip of an interview with President Joe Biden's economic adviser Jared Bernstein shows the official struggling to explain why the U.S. government chooses to borrow money when it can just print more.

"The government definitely prints money, and it definitely lends that money ... by selling bonds. Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend them the money," Bernstein, chair of the Council of Economic Advisers, said when asked why the federal government borrows currency it can print.

"I guess I'm just, I can't really, I don't get it. I don't know what they're talking about," the economic adviser to Biden added. "Like, 'cause 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] conversation. So I don't think there's anything confusing there."

https://en.wikipedia.org/wiki/Jared_Bernstein

Jared Bernstein (born December 26, 1955)[1] is an American economist who is the chair of the United States Council of Economic Advisers. He is a senior fellow at the Center on Budget and Policy Priorities.[2] From 2009 to 2011, Bernstein was the chief economist and economic adviser to Vice President Joe Biden in the Obama Administration.[3] In 2008, Michael D. Shear described Bernstein as a progressive and "a strong advocate for workers".[4]

In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers.[5] He was confirmed to be chair on June 13, 2023.[6] He was ceremonially sworn in by Vice President Kamala Harris on July 10, 2023.[7]
Early life and education

Bernstein stated he grew up in a "musical family" and aspired to be a professional musician as a young person.[8] Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the '80s, Bernstein was a mainstay on the jazz scene in NYC.[citation needed]

He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.

[RobertELee]

Like the rest of his cabinet he is 100% unqualified for the job. Yet the media has kept their head firmly lodged in the sand for the past 3 years.

[mkd]

honestly, I couldn't explain it in under 2 minutes, either.
 But the single sentence is fiat currency is created through lending.

[RobertELee]

honestly, I couldn't explain it in under 2 minutes, either.
 But the single sentence is fiat currency is created through lending.

But did they say "explain how money works in 2 minutes, and go!" He literally couldn't explain what his job entails if he had a week! He's got a degree in music and PHD in social work, nothing even close to economics, and I doubt he even took a class in economics in high school.

[DUM1]

ask TRUMP !

[ghuns]

I thought you'd have to be a black, trans, hermaphrodite, who identifies as Palestinian to be that dumb and maintain a lofty position in the Biden admin.

Nice to see them throw a bone to an old white dude. Should give some hope to the rest of us.  

[neurosis]

Nice to see them throw a bone to an old white dude. Should give some hope to the rest of us.

After watching that video, I'm going to go out on a limb and say that Biden felt like he needed someone on the staff that sounded more incompetent than he does.   

[ghuns]

After watching that video, I'm going to go out on a limb and say that Biden felt like he needed someone on the staff that sounded more incompetent than he does.   

His appointees are a who's who list of incompetence.

[Jim at Gentex]

"I guess I'm just, I can't really, I don't get it. I don't know what they're talking about," the economic adviser to Biden added.

Well at least he admits it.

Y'all want four more years of those blithering idiots running the show?

Then vote for Joe, and get used to saying, "Govern me harder, Daddy!" 

[CNCAppsJames]

After watching that video, I'm going to go out on a limb and say that Biden felt like he needed someone on the staff that sounded more incompetent than he does.   

What about his prostitute VP... Kamala Word Salad Harriss? My 11 year old Grandaughter articulates better than Harris.  What an incompetent whore.