Tuesday, October 20, 2015

Jeff Spross — Bernie Sanders doesn't need to pay for his socialist utopia

What's funny is that Sanders might be gearing up to make this very argument [for overt money financing by government]. His chief economic adviser, University of Missouri-Kansas City economist Stephanie Kelton, is a fan of something called modern monetary theory: a batch of ideas that sketches out a very similar case to the one above.
Note that Stephanie Kelton is not the chief economic advisor to candidate Bernie Sanders, but rather the chief economist for the  minority of Senate Budget Committee, which chaired by Sen. Sanders as the ranking member.

2 comments:

mike norman said...

There's AlWAYS a cost in real terms. Watch my video. Yet these idiot journalists kill their own good intentions by writing headlines like, "You don't need to pay." The movement will never gain credibility with ridiculous statements like this.

Peter Pan said...

Bringing the topic onto real resources should add credibility, yet you still get similar comments on your videos. As if money were everything, which is what this author dwells too much on.