Join the private Bitcoin forum:https://www.bitcoinuniversity.com/bitcoin-forumIn this video, I discuss Jared Bernstein's ill-fated interview, in which he unsuccessfully attempts to explain money printing and MMT (Modern Monetary Theory).The really tragic part is that central bank money printing disproportionately hurts the working class, which Bernstein has spent his career writing about and trying to help.Keynesian economics and MMT are both forms of economic pseudoscience whose real purpose is to provide the theoretical justification for huge government interventions in the economy and the theft of private property through inflation and taxes. Not investment advice! Consult a financial advisor.Maggie De Block:https://en.wikipedia.org/wiki/Maggie_De_BlockFood-based dietary guidelines for Belgium:https://www.fao.org/nutrition/education/food-dietary-guidelines/regions/countries/belgium/en/Fed's Yellen expects no new financial crisis in 'our lifetimes':https://www.reuters.com/article/idUSKBN19I2NT/Subsequent financial crises:https://en.wikipedia.org/wiki/September_2019_events_in_the_U.S._repo_markethttps://en.wikipedia.org/wiki/2020_stock_market_crashhttps://en.wikipedia.org/wiki/2023_United_States_banking_crisisUS debt clock:https://www.usdebtclock.org/Interview with Jared Bernstein:https://twitter.com/RnaudBertrand/status/1786272981058220187Why inflation can actually be good for everyday Americans:https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.htmlMMT:https://en.wikipedia.org/wiki/Modern_monetary_theoryHans-Hermann Hoppe on how to talk to modern economists and politicians:https://twitter.com/TuurDemeester/status/1786390887204876565 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #MMT #economics Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=XiBG39SQy3Q