The chair of the Council of Economic Advisers for President Biden has no idea how money printing and bonds work ๐Ÿ˜จ
ยท May 3, 2024 ยท NottheBee.com

Holy moly we are in for an absolute train wreck, aren't we?

Watch one of the president's top economic advisors try and explain how money works. ๐Ÿ‘‡

"The U.S. government can't go bankrupt because we print our own money..."

So did Zimbabwe!!

Here's what a few billion Zimbabwean dollars bought you when inflation and printing got out of control in 2007:

Does Bernstein sound like he understands how to run the most sophisticated economy of the most advanced civilization in human history?

He's got a bachelor's in music and a PhD in social work so he should be qualified to run the top advisory council to the commander-in-chief, right??

At least there were random people in the comments willing to answer the question that the president's top man can't.

One side of the conversation is this:

In this middle is this:

And the other (more based) side is this:

Anyway, since both sides agree that the debt will never be paid off and the politicians can't help but print and spend more, we're locked in to our fate now no matter what you think.

But don't worry, the "adults" are back in charge!


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