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?
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.
