Trump says the country is run by stupid people. Let’s check out Jared Bernstein who filled us in on inflation at a presser. For starters, he is not an Economist even though he claims so. 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. 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.
Jared Bernstein, the head of the White House Council of Economic Advisors, told reporters at Wednesday’s press briefing the administration’s answer to voters feeling negative “vibes” about high prices and inflation:
Jared is probably better known for his masterful rendition of describing “MMT.”
A keen supporter:.
“The U.S. government can’t go bankrupt, because we can print our own money,” Bernstein says in the video. He was then asked by the interviewer, “Like you said, they print the dollar, so why does the government even borrow?”
He was interviewed for a new film called, “Finding the Money,” a documentary made by advocates of Modern Monetary Theory (MMT) – a controversial line of economic thought. One of MMT’s central tenets is that government budget deficits don’t matter for countries like the U.S. that borrow money in their own currencies. Proponents argue this means the government should use tax and spending policies to manage the economy and address inflation instead of the central bank’s monetary policies.
A reminder that actually Jared’s forte is the Bass.
The best of the swamp.
BUNKERVILLE | God, Guns and Guts Comrades! 