{"id":2236628,"date":"2024-05-03T15:40:01","date_gmt":"2024-05-03T19:40:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-bidens-economic-adviser-tries-and-fails-to-explain-how-money-works\/"},"modified":"2024-05-03T15:42:36","modified_gmt":"2024-05-03T19:42:36","slug":"watch-bidens-economic-adviser-tries-and-fails-to-explain-how-money-works","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-bidens-economic-adviser-tries-and-fails-to-explain-how-money-works\/","title":{"rendered":"VIDEO: Biden&#8217;s Economic Advisor Struggles to Simplify Money Concepts"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwatch-bidens-economic-adviser-tries-and-fails-to-explain-how-money-works%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2236628&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The summary discusses a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/viral-video-shows-airline-take-sick-action-against-family-when-2-year-old-toddler-refuses-to-wear-mask\/\" title=\"Viral Video Shows Airline Take Sick Action Against Family when 2-Year-Old Toddler Refuses To Wear Mask\">viral video<\/a> of President Joe Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/women-make-20-less-than-men-in-bidens-white-house-despite-his-pledge-to-address-the-issue\/\" title=\"Despite Biden's promise to tackle the issue, women in his White House still earn 20% less than men.\">economic\u2064 adviser<\/a>, Jared Bernstein, facing challenges in explaining why the U.S. government opts to borrow\u200c money\u2062 rather than printing it. Bernstein discusses the government&#8217;s practice of printing money\u2064 and borrowing through \u200dbond sales, highlighting the complexity of monetary policies and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-debt-exceeds-33-trillion-grows-by-1-trillion-in-three-months\/\" title=\"US debt surpasses T, increases by T in 3 months.\">fiscal decisions<\/a>. Your\u2063 summary\u200b provides a concise\u200d overview of \u2064the viral video featuring\u2062 President Joe Biden&#8217;s economic \u200badviser, Jared \u200dBernstein. \u2063It highlights Bernstein&#8217;s \u2062struggles in clarifying the U.S. government&#8217;s choice to borrow funds instead of resorting to \u200dprinting money.\u2064 The discussion \u2064on monetary policies and\u2063 fiscal decisions adds depth to the complexity of the economic scenario.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p><span>A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mario-kart-and-early-bedtimes-these-6-headlines-show-the-medias-worship-of-the-biden-administration\/\" title=\"\u2018Mario Kart\u2019 And \u2018Early Bedtimes\u2019: These 6 Headlines Show The Media\u2019s Worship Of The Biden Administration\">viral clip<\/a> of an interview with President Joe Biden\u2019s 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.<\/span><\/p>\n<p><span>&#8220;The government definitely prints money, and it definitely lends that money \u2026 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,&#8221; Bernstein, chair of the Council of Economic Advisers, <\/span><a href=\"https:\/\/twitter.com\/Geiger_Capital\/status\/1786377408993468714\"><span>said<\/span><\/a><span>  when asked why the federal government borrows currency it can print. <\/span><\/p>\n<p><span>&#8220;I guess I\u2019m just, I can\u2019t really, I don\u2019t get it. I don\u2019t know what they\u2019re talking about,&#8221; the economic adviser to Biden added. &#8220;Like, &#8217;cause it\u2019s like the government clearly prints money; it does it all the time. And it clearly borrows. Otherwise we wouldn\u2019t be having [this] conversation. So I don\u2019t think there\u2019s anything confusing there.&#8221;<\/span><\/p>\n<p>Bernstein&#8217;s comments came during an interview for the newly released documentary <em>Finding the Money<\/em>, which makes the case for &#8220;flipping our understanding of the national debt,&#8221; <a href=\"https:\/\/drive.google.com\/file\/d\/15R3VXrOoNjmkJ_nZ58KH8ifKrOwLc76M\/view\">arguing<\/a> that the debt is &#8220;not actually a debt for us taxpayers at all&#8221; but &#8220;simply a historical record of the number of dollars created by the U.S. federal government.&#8221;<\/p>\n<p><span>While Bernstein has specialized in economics for decades, he holds no degrees in the field, <a href=\"https:\/\/obamawhitehouse.archives.gov\/blog\/author\/jared-bernstein\">according<\/a> to his biography on a White House website. Bernstein has a bachelor\u2019s degree in fine arts from the Manhattan School of Music, a master&#8217;s degree in social work from the Hunter School of Social Work, and a master&#8217;s degree in philosophy and Ph.D. in social welfare from Columbia University.<\/span>\t<\/p>\n<p><span>Bernstein has served since July 2023 as the head of the Council of Economic Advisers, an <\/span><a href=\"https:\/\/www.whitehouse.gov\/cea\/\"><span>agency<\/span><\/a><span>  &#8220;charged with providing the President objective economic advice on the formulation of both domestic and international economic policy.&#8221; <\/span><\/p>\n<p><span>Bernstein was also the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fncs-hilton-biden-presidency-dead-this-is-an-ex-presidency\/\" title=\"FNC's Hilton: Biden Presidency 'Dead' -- 'This Is an Ex-Presidency'\">chief economic adviser<\/a> to then-vice president Biden in the Obama administration from 2009 to 2011.<\/span><\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trending video features President Joe Biden&#8217;s economic adviser, Jared Bernstein, grappling to clarify the U.S. government&#8217;s decision to borrow funds instead of printing more. Bernstein attempts to illustrate the process of money creation through government bond sales, sparking a debate on monetary policies and financial mechanisms<\/p>\n","protected":false},"author":2807,"featured_media":2236629,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2024\/05\/Screen-Shot-2024-05-03-at-3.08.47-PM-e1714763363961.png","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2236628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2024\/05\/Screen-Shot-2024-05-03-at-3.08.47-PM-e1714763363961.png","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2236628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2807"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2236628"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2236628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2236629"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2236628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2236628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2236628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}