Biden’s Chief Econ Advisor Struggles To Explain Theory Underpinning ‘Bidenomics,’ Mass Spending
Editors’ Note: At Prickly Pear, we noted the influence of Modern Monetary Theory early on. It is dangerous, it is foolish, it is very inflationary. Worse than not knowing how to explain it is the adoption of these policies in Bidenonmics. The government either crowds out private borrowers by excessive borrowing, or it pays for […]
‘I Don’t Get It’: Biden’s Chief Econ Advisor Struggles To Explain Theory Underpinning ‘Bidenomics,’ Mass Spending
Biden chief economic adviser Jared Bernstein struggled to explain modern monetary theory underpinning “Bidenomics” and mass spending in a newly released documentary. Bernstein stuttered and pondered as he attempted to explain why the U.S. government borrows money when it is capable of printing its own currency. “Like you said, they print the dollars. So why, […]
Data Contradicts Rationale Underpinning Biden’s Decision To Halt New Natural Gas Export Hubs
The market data undermines one of the Biden administration’s central justifications for suspending new approvals for liquefied natural gas (LNG) export terminals. The administration is roll out or amplified Some arguments in favor of suspending LNG terminal approvals. suggestion Expansion of LNG exports is expected to put upward pressure on domestic natural gas prices. However, […]