Happycoin.club - Recently, a documentary film called Finding the Money was released in the United States, in which Jared Bernstein, Chairman of the US Council of Economic Advisers and key adviser to President Biden on economic policy, made contradictory statements about the ability of the US government to print money .

The US government can't go bankrupt because we can print our own money,” Bernstein said.

The documentary, which explores the topic of budgeting, spending and the national debt, features an interview with Bernstein in which he attempts to articulate his understanding of economics:

The government definitely prints money and definitely lends that money, so the government definitely prints money and then lends that money out again by selling bonds. Yes, they sell bonds. Because they sell bonds and people buy bonds and lend them money.

Thanks to the heated debate, Bitcoin has returned to the spotlight. Supporters of the digital currency argue that a limited supply of 21 million coins can protect against the effects of the money machine and inflation.

Bitcoin proponents argue that as governments continue to accumulate debt and resort to printing money to finance government spending, Bitcoin's independence from central bank policies could make it an attractive alternative for investors seeking to protect their wealth.