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The chair of the Council of Economic Advisers for President Biden has no idea how money printing and bonds work...
Holy moly we are in for an absolute train wreck, aren't we?
Watch one of the president's top economic advisors try and explain how money works. ...
Patrick says
Both.
In a slightly more interesting related story, completely ignored by corporate media, Benzinga (a financial rag) ran a story yesterday headlined, “Marjorie Taylor Greene Ally Thomas Massie Introduces 'End The Fed' Bill To Abolish The US Central Bank: 'Americans Are Suffering Under Crippling Inflation’”
The bill — which while entertaining, is going nowhere, and will be completely submerged by government captured media — resulted from a poll Massie ran Tuesday on his Twitter/X page. The poll asked his 780,000 followers whether they thought the Congressman should propose a bill abolishing the Federal Reserve. An astounding 86.6% of the 115,000 voting said they wanted to “End the Fed,” while only 2.8% voted to preserve intact the controversial institution.
The bright side is that the conversation about the Federal Reserve’s utility or uselessness continues. By my quick research, it looks like Ron Paul filed similar Fed-ending bills in 1999 and 2013. So it appears Representative Massie is now carrying the torch of freedom.
Godspeed, Mr. Massie. You have my vote.
In other news, Major League Baseball has announced that each runner crossing home plate will be awarded three runs. This will make players more skilled, because they’ll score more runs. Baseball’s headed for record highs, Ted Lieu.
The uni party thinks this will help to reduce deficits and consequently decrease debt service payments and the debt to GDP ratio.
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It seems that Fed employees know how to get rich betraying the public.