Jared Bernstein | President Biden's Chair of the Council of Economic Advisors "The Government Definitely Prints Money Then It Lends That Money By Selling Bonds. Is That What They Do? I Guess I Don't Get It?" - Jared Bernstein
Fractional Reserve Banking | "Up Until Covid Banks Had to Keep On Hand 10% of Your Deposit, Then They Could Lend Out the Other 90%. When Covid Hit, They Got Rid of Those Rules. Then Banks Only Had to Keep 0% of My Deposit."