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While the Fed is cleaning up some of the messes it made by printing money for 15 years, people on the Left want to make those messes even worse.A recent viral video receiving millions of views online explains why millions of American families continue to struggle with “Bidenflation.” Well, perhaps “explain” is too strong a term.In the video, an excerpt from the new leftist documentary Finding the Money, Jared Bernstein, chairman of the White House Council of Economic Advisers, discusses modern monetary theory—the idea that the federal government could eliminate the national debt simply by printing money. To say Bernstein’s...

Jared Bernstein is perhaps the most influential "economist" in the United States. I put economist in quotes, despite his being an academic who has taught the subject and has advised Congress and the highest elected officials in America. I do so because he is a moron. He is such a moron that Paul Krugman himself admires him for his economic insights. He is that bad. ... This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers,...

A viral clip of an interview with President Joe Biden’s economic adviser Jared Bernstein shows the official struggling to explain why the U.S. government chooses to borrow money when it can just print more. "The government definitely prints money, and it definitely lends that money … by selling bonds. Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend them the money," Bernstein, chair of the Council of Economic Advisers, said when asked why the federal government borrows currency it can print. "I guess I’m just,...

Jared Bernstein, the Chief Economist and Economic Policy Adviser to Joe Biden, has been featured in a clip in which he struggles to explain how money works. Bernstein was being interviewed for an upcoming documentary about the economy entitled Finding The Money. 'We all use money, and yet the questions of what is money, and where does money come from remain elusive,' the film teases in a preview.

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.” And the job market is “really what matters to people, you don’t eat GDP, your paycheck matters most.” Bernstein said, “We really haven’t seen much in terms of slow growth yet. Let’s talk about the job market, because that’s really what matters to people, you don’t eat GDP, your paycheck matters most. And there, you’ve seen growth continuing to defy...

On Friday’s edition of NBC’s “Now Tonight,” White House Council of Economic Advisers member Jared Bernstein argued that America’s government debt doesn’t weaken the country. Host Jake Ward asked, “For those of us at home, the idea of having debt sounds like a very, very bad thing. … What I want to ask you here is, is [Speaker Rep. Kevin McCarthy (R-CA)] right, does our debt as a nation make us weak?”

Fox News anchor Martha MacCallum and White House economic adviser Jared Bernstein clashed over the administration’s handling of debt surrounding student loan forgiveness. MacCallum asked the question of who is paying for the $20,000 in student loan forgiveness provided to Pell Grant recipients and $10,000 for borrowers making under $125,000 a year. Bernstein disputed a University of Pennsylvania Wharton model that she cited, which predicted that student loan forgiveness will cost over $1 trillion, claiming the cost will be closer to $24 billion. MacCallum imagined a scenario where she had $15,000 in credit card debt and she is handed $5,000,...

White House Council of Economic Advisers member Jared Bernstein on Thursday pointed to Russian President Vladimir Putin’s invasion of Ukraine for the record-high inflation and gas prices in the United States. Bernstein told MSNBC’s “Morning Joe” that the stimulus packages were “integrally contributing to some of the remarkable economic statistics” posted during President Joe Biden’s time in office.

After the number of U.S. workers voluntarily quitting their jobs reached a record high in September, White House Council of Economic Advisers member Jared Bernstein framed the labor crunch as a "good sign," saying that employees now have more leverage to negotiate better-paying roles. More than 4.4 million employees left their jobs last month, the highest figure in two decades, and a rise of about 164,000 from the last record set in August of 4.3 million, according to the Labor Department's monthly Job Openings and Labor Turnover Survey released Friday. As employers contemplate raising wages to attract workers amid their...

... Turning to labor standards, I find nothing in the TPP that comes close to the 75 percent regional auto content, including parts, up from about 62.5 percent under NAFTA. TPP’s auto content rules were set at 45 percent, meaning most of the value of a vehicle could be sourced from China and still have obtained TPP treatment. An even greater standards improvement is the requirement in the U.S.-Mexico deal for $16 an hour pay for 45 percent of auto-production content and 40 percent of auto parts content; that’s about four times what Mexican auto parts workers currently make and...

Spending on health care grew an astounding 9.9% in the Bureau of Economic Analysis' advance estimate of first-quarter GDP. It's the biggest percent change in health-care spending since 1980, when health-care spending jumped 10% in the third quarter. Analysts said it's primarily due to a consumption boost from the implementation of the Affordable Care Act. Adjusted for inflation, America is spending more on health care than ever before.Personal consumption grew by 3.0%, about half of which was due to the growth in health-care spending, said Ian Shepherdson, chief economist for Pantheon Macroeconomics. "If health-care spending had been unchanged, the headline GDP growth number would have...

Jared Bernstein, chief economic adviser to VP Biden, says the administration's plan will build on the momentum of the growing economy. "Anyone who thinks that these tax cuts for our millionaires and billionaires costing $700 billion over 10 years -- we we're just talking about the importance of that long-term budget under control. This is a great way to lose control of that and if you think an extension of one or two years is going to hold, I think that is very misguided political thinking," Bernstein said on FOX News.

Commerce Secretary Gary Locke, Agriculture Secretary Tom Vilsack, and White House Economist Jared Bernstein on Wednesday announced $1.8 billion in new broadband Internet subsidies funded by the stimulus program. The subsidies are intended to encourage telecommunications companies to build broadband networks in rural areas where it is not normally profitable to do so. (See White House news release) In a conference call on Wednesday, Locke described the subsidies as “investments.” He said the taxpayer money would help build high-speed Internet networks in areas where the private sector has been “unwilling or unable” to do so.

On February 18, 2010, I wrote a post titled Progressive Bloggers In The Wizard of Oz, about a trip by several "progressive" bloggers to meet at The White House with Jared Bernstein, Chief Economist to Vice President Joe Biden. The post carried a photo of serious-looking faces reflecting what I believed -- tongue in cheek -- was "the moment they realized that they were not going to get to meet with the 'chief economist to President Barack Obama.'" Boy, was I wrong. It was more like a reunion. Of Journolistas. The "Chief Economist to Vice President Joe Biden" was none...

The following 65 names are confirmed members of the now-defunct JournoList listserv. 1. Ezra Klein 2. Dave Weigel 3. Matthew Yglesias 4. David Dayen 5. Spencer Ackerman 6. Jeffrey Toobin 7. Eric Alterman 8. Paul Krugman 9. John Judis 10. Eve Fairbanks 11. Mike Allen 12. Ben Smith 13. Lisa Lerer 14. Joe Klein 15. Brad DeLong 16. Chris Hayes 17. Matt Duss 18. Jonathan Chait 19. Jesse Singal 20. Michael Cohen 21. Isaac Chotiner 22. Katha Pollitt 23. Alyssa Rosenberg 24. Rick Perlstein 25. Alex Rossmiller 26. Ed Kilgore 27. Walter Shapiro 28. Noam Scheiber 29. Michael Tomasky 30....

This posted on the White House blog, President Obama who kinda missed debt projections by a measly $2 Trillion is gonna make Health Care deficit neutral, and is gonna make some cuts...Can't stop laughing...

Washington, D.C. (AHN) - Vice President-elect Joe Biden on Friday announced the creation of a new post under his office, and the appointment of pro-labor economist Jared Bernstein, to help the incoming administration fix the economy.Bernstein will serve as chief economist and economic policy adviser to the Vice President. His appointment comes the same day the Labor Department said the economy lost the most jobs in 34 year, and the same week as the the National Bureau of Economic Research officially announced that the U.S. economy has been in recession since December 2007. "Jared Bernstein is an acclaimed economist, and...