Jared Bernstein, President Biden’s nominee for chairman of the Council of Economic Advisers, complained in 2015 that gas prices were “too damn low.” Now he will control the US economy, if he is confirmed.
Bernstein hit prices when gas cost $2.09 per gallon, asserted that “seriously under-priced” fuel costs had “scary” consequences for the environment because they stoked demand for fossil fuels. Now it’s $3.61.
He suggested a gas tax hike, even as he acknowledged that low prices at the pump help working families.
