You know that scene in The Big Short, when after the collapse there's a distinct vibe of "man that was so obvious, how were people so impossibly stupid?"
— Erik Voorhees (@ErikVoorhees) May 3, 2024
If you are loaning money to the Federal Government (ie if you own government bonds), the *only* reason you should feel… https://t.co/KgutE7xeIv
Friday, May 3, 2024
Jared Bernstein, total idiot. You have to see this to believe it.
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6 comments:
Prof Kelton agrees and says we’re borrowing…
I don’t see any dichotomy between Bernstein and Kelton..
So the Prof asks question “why are we borrowing?” then Bernstein can’t answer it… so what?
They both agree we are borrowing…
It’s just the one asks why and the other doesn’t know…
How is this helpful?
Is this the whole movie?
It's a setup question.
Present in one's own terms and then see how they cannot explain their framework.
Why are we paying these people again?
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