Jared Bernstein, Chair of the Council of Economic Advisers to Joe Biden, is stumped by a pretty obvious question. If the government can print money why does it ever borrow money?
Uh-duh, um…huh?
Yeah, the experts are in charge. Rest easy.
CLIP: We hear a lot about the national debt.
— FINDING THE MONEY Film (@FindingMoneyDoc) May 2, 2024
But do currency-issuing governments really ‘borrow' their own currencies?
The answer might surprise you.
Watch FINDING THE MONEY documentary, In Theaters and On Demand TOMORROW May 3: https://t.co/H1e5fEuV7t pic.twitter.com/MA3AGIcCXi