Biden’s Chair of Economic Advisors Can’t Explain How the US Monetary System Works

Perhaps a good way to think about Jared Bernstein is to imagine him as the titular character of a bad network sitcom called, “That’s Jared!” in which, every week, the buffoonish Chief White House Economic Advisor stumbles into another embarrassing, made-for-TV blunder. The canned laughter erupts as credits roll, and we hear the theme close with, “It could only be Jared!”

Unfortunately, this isn’t fiction, and it’s not funny.
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