So I don't think there's anything confusing there. He doesn't think there's anything confusing, but he just got finished saying he doesn't know this is the problem. They spent $4.7 trillion after the economy already had been removed from lockdown. And Covid, the economy was already going back, you know, coming back strong and they spent $4.7 trillion. So the federal Reserve, the government's bank, had to go buy a large chunk of that debt. (03:10–03:19)
CLAIM
Asserts that $4.7 trillion was spent after the economy emerged from lockdown.
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.
