Even Fed Reserve Chair is Freaked out by Alexandria Ocasio-Cortez’s Money-Printing Scheme

Even the U.S. Federal Reserve thinks Alexandria Ocasio-Cortez needs to cool it with all the money-printing schemes.

“An increasingly popular theory espoused by progressives that the government can continue to borrow to fund social programs such as Medicare for everyone, free college tuition and a conversion to renewable energy in the next decade is unworkable.”
The idea that deficits don’t matter for countries that can borrow in their own currency I think is just wrong,”
Federal Reserve Chairman Jerome Powell said Tuesday.

Read more at CCN

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