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.
dude was stroking out lol
🍎
Scary stuff!
Aren't they playing "stupid" It is also a well known and widely used tactic. Your enemy just think you're stupid and plays accordingly. The "Biden" case so seems like a playbook example. Sick "older man" who doesn't know what he is doing 😝
Wow….seriously wow….that is some advisor!! 🫠
Too funny...too bad it's so serious.
this cannot be a real video
His education really prepared him for this 
Hey Jeff, while this man in the clip is clearly a buffoon, this clip is lifted from the documentary, Finding the Money, which is a completely bullshit-propaganda movie by Stephanie Kelton, highlighting the nonsensical “advantages” of Modern Monetary Theory.
Oops. Looks like you were already aware. LOL.
nostr:note1h33afxwdf8kg0chmvqexatrdk02tpzk9gy467rmg7rfvs50j4zuq0lp24q
the inmates ate running the asylum
My fear is that “those in power” are even dumber than me.
Oof
The best thing about this was seeing the first comment beneath the video on YouTube:
‘At last, a new Monty Python skit’
Guys like this clown would've starved to death a long time ago, in a world where you can't just get paid by the government to be a useless piece of shit.
It's worse than I thought Jeff. Much worse.
What a boost of confidence for all of us Listening to this fellow suddenly elevates us to the status of flat out geniuses 😂
Saw this on Swan but it needs to be broadcasted and spread far and wide.
And yes thank you for reminding us of the simplicity of economic principles 🙏
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.
This is a key point. Most people believe the people in power, especially in the finance world, are way smarter cuz they “understand the complexities” of the fiat system. But the truth is, there’s no complexity, it’s simply a scam, where the obfuscation and confusion is on purpose.
Glorious
