Jared Bernstein's Basic Confusions

Here's where he flails and here are the right answers.

My guess is that you’ve probably already seen this short video in which President Biden’s chairman of the Council of Economic Advisers, Jared Bernstein, shows, shall we say, an imperfect understanding of the bond market. Here’s the video and below it, I’ll lay out the actual workings of the bond market and, as a bonus, recount an interaction I had with …