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Manchin ‘Has No Understanding’ of How Monetary System Works: Democrat House Budget Chair — Jason Lemon

Summary:
"I read Joe Manchin's statement, I've listened to him. He has no understanding of how the federal government monetary system works when he compared it yesterday to his household income. That has no relevance to what we can do," Yarmuth, who represents Kentucky, told CNN Thursday evening....NewsweekManchin 'Has No Understanding' of How Monetary System Works: Democrat House Budget ChairJason LemonSee alsoSame syndrome in the UK.Condemned to mediocrity by stupidity.The Gower Initiative for Modern Money StudiesAnother week of handbag economics

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"I read Joe Manchin's statement, I've listened to him. He has no understanding of how the federal government monetary system works when he compared it yesterday to his household income. That has no relevance to what we can do," Yarmuth, who represents Kentucky, told CNN Thursday evening....
Newsweek
Manchin 'Has No Understanding' of How Monetary System Works: Democrat House Budget Chair
Jason Lemon

See also

Same syndrome in the UK.

Condemned to mediocrity by stupidity.

The Gower Initiative for Modern Money Studies
Another week of handbag economics
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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