Pamela on Nostr: The Economic Advisor Who Can't Explain Economics I'm genuinely shocked and appalled ...
The Economic Advisor Who Can't Explain Economics
I'm genuinely shocked and appalled at the recent revelations about Jared Bernstein, the Chair of the Council of Economic Advisers under President Biden. In a discussion that should have been straightforward, Bernstein stumbled over the basic concepts of government borrowing and money printing.
Here's a man who's supposed to be advising the President on economic matters, yet he struggles with explaining fundamentals that even an introductory economics course would cover. This isn't just about academic embarrassment; it's about the real-world implications of economic policy decisions that affect us all.
When your economic advisor can't articulate how government finances work, it's no wonder we're navigating through economic challenges with what seems like a blindfold on. The incompetence displayed here is not just a personal failing but a systemic issue in how economic advisors are chosen and what qualifications are deemed necessary.
This moment of Bernstein's struggle should serve as a wake-up call. We need clarity, competence, and a deep understanding of economics at the highest levels of government, not vague explanations and stumbles over basic concepts.
Our economic future deserves better.
https://youtu.be/WzwV79pqSFk
I'm genuinely shocked and appalled at the recent revelations about Jared Bernstein, the Chair of the Council of Economic Advisers under President Biden. In a discussion that should have been straightforward, Bernstein stumbled over the basic concepts of government borrowing and money printing.
Here's a man who's supposed to be advising the President on economic matters, yet he struggles with explaining fundamentals that even an introductory economics course would cover. This isn't just about academic embarrassment; it's about the real-world implications of economic policy decisions that affect us all.
When your economic advisor can't articulate how government finances work, it's no wonder we're navigating through economic challenges with what seems like a blindfold on. The incompetence displayed here is not just a personal failing but a systemic issue in how economic advisors are chosen and what qualifications are deemed necessary.
This moment of Bernstein's struggle should serve as a wake-up call. We need clarity, competence, and a deep understanding of economics at the highest levels of government, not vague explanations and stumbles over basic concepts.
Our economic future deserves better.
https://youtu.be/WzwV79pqSFk