A interview clip with Jared Bernstein, President Biden’s top economic advisor, went viral this week. At first glance, it’s a shocking wake-up call about how incompetent our leaders and policy-makers can be, especially when it comes to economics. However, it also raises important questions about modern monetary theory, the Federal Reserve, and the risk of hyper-inflation. As an economics nerd, I can’t resist sharing my thoughts to close out the week!