Good to know how well Old Corrupt Petulant Joe can pick his leading advisors. Btw, it is best to watch the interview as it is quite telling.
Joe Biden's Economic Advisor Has No Idea How 'Bidenomics' Work
“Well, um, the uh … so the … I mean, again, some of this stuff gets — some of the … language that — some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why … um … the government definitely prints money and then it lends that money by, uh, by selling bonds. Is that what they do? … They, they uh … they, yeah, they um … they sell bonds … yeah, they sell bonds. Right? Since they sell bonds and then people buy the bonds and lend them the money.
“Yeah, I mean I can’t really talk about it. I don’t get it. I don’t know what they’re talking about because it’s like, the government clearly prints money. It does it all the time, and it clearly borrows. Otherwise we wouldn’t be having this debt and deficit conversation. So, I don’t think there’s anything confusing there.” Via @RnaudBertrand
https://townhall.com/tipsheet/saraharnold/2024/05/04/bidens-economic-advisor-has-no-idea-how-bidenomics-work-n2638629