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re: Meet Jared Bernstein, Chair of the Council of Economic Advisers to President

Posted on 5/4/24 at 1:12 pm to
Posted by Lou Pai
Member since Dec 2014
28149 posts
Posted on 5/4/24 at 1:12 pm to
quote:

What a friggin' moron. The guy is totally clueless.


It's really sad. What he can't remember in that video (how the Fed uses buying/selling government securities for monetary policy) is a basic concept that would be in the 2nd level Econ class at any generic college. An LSU accounting major would be expected to know this concept at some point in order to graduate. He's a complete imbecile.
Posted by OBReb6
Memphissippi
Member since Jul 2010
37910 posts
Posted on 5/4/24 at 3:39 pm to
quote:

It's really sad. What he can't remember in that video (how the Fed uses buying/selling government securities for monetary policy) is a basic concept that would be in the 2nd level Econ class at any generic college. An LSU accounting major would be expected to know this concept at some point in order to graduate. He's a complete imbecile.


Actually his bumbling and stammering is a much more accurate representation of our fake monetary system than the curated and polished answers an “expert” would give.

He accidentally just spilled the beans
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