Fire Hydrant of Freedom

Video at link.  THIS is the President's chief 'economic' adviser, (he holds a degree in social work).  Asked the simplest of questions. [We spend 40% more than we take in.]  We print money, why do we borrow at all?

This is sort of the, mommy where do babies come from question.

https://twitter.com/FindingMoneyDoc/status/1786050601236779078

Would you put all your trust and the full faith and credit of the United States in the hands of this man?

He doesn't need a degree in economics because there really isn't that 6pmmuch to learn??

He refers to MMT, which seems to be the groundwork for no constraints spending:
https://en.m.wikipedia.org/wiki/Modern_monetary_theory

Source video:  https://findingmoneyfilm.com/

[Besides a 1y6% increase in the inflation tax]
"In House testimony, Treasury Secretary Janet Yellen (falsely) claimed that Biden’s massive tax increase won’t hit middle class households. That is a plain lie. the Tax Foundation said that someone who’s married, two kids, making $85,000 would pay $1,700 more in taxes. A married couple with two children making $165,000 annually would pay $2,450.50 more than in the previous year, while a family with three kids pulling in $200,000 per year will shell out almost $7,500 more per year.

So much for Biden’s “No one making under $400,000 will pay and additional penny of tax"

https://confoundedinterest.net/2024/05/04/bidens-misrepresentation-on-trump-tax-cuts-someone-who-is-married-with-two-kids-making-85000-will-pay-1700-more-in-taxes-inflation-tax-is-166-higher-than-under-trump/

GBTC had its first 63 mill inflow today (after approx 80 days of outflows).