Jared Bernstein is President Joe Biden’s chairman of the U.S. Council of Economic Advisers. This is, in its own way, strangely fitting.
It’s not because Mr. Bernstein is a sterling representative of “Bidenomics” — the catchall term for an economic program the president swears is working and the American public keeps telling pollsters isn’t.
Maybe not surprisingly, the 68-year-old Bernstein was confirmed as chairman in 2023 after a long history of applying liberal economic policies in academia, in think tanks and in Democratic administrations.
That being said, he’s not exactly a far-leftist, having been a critic of modern monetary theory — the current progressive economic vogue which basically posits (in elevator pitch form) that federal deficits aren’t really a problem, since government can print all
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