Replying to Avatar Jeff Booth

This clip from Jared Bernstein, Chair of the council of economic advisors, may help alleviate a fear to those who believe “those in power” are smarter than you.

https://youtu.be/RRJ7NUWYyEM?feature=shared

Economics is simple….1) prices fall to the marginal cost of production in a free market and 2) We trade with each other (all over the world) to gain more value.

It just looks hard through a system trying to deceive you to retain its power over you.

Jeff,

are we certain this is a real video? I only see this snippet and cannot find the whole thing. Makes me wonder if it's not fake. It would not surprise me in the least if this video was 100% legit but I have to wonder (I hate that I have to wonder).

Is there a link to the longer video from which this came?

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it seems edited in the middle too, perhaps on purpose

Its from this insane documentary by Stephanie Kelton about benefits of MMT. I dont know where you can watch it but I know its behind paywall.

https://www.youtube.com/watch?v=R47h_ux-nE8