Like this guy just literally said he doesn't get it. And this is Joe Biden's chief economic adviser. Let me explain why you just can't print money. It's real simple. If all they did was just print money for every deficit spending, the US dollar, nobody would want to hold it. It wouldn't be the world's reserve currency. The value of the dollar would collapse immediately. It already is declining in purchasing power against any real commodity that is part of inflation. (02:13–02:22)
CLAIM
Asserts that printing money for deficit spending would devalue the US dollar.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
