Friday, November 20, 2015

Randy Wray — MMT and Bernie Sanders

Yesterday Senator Bernie Sanders gave an important speech in which he invoked President Roosevelt’s “second bill of rights” in defense of his platform. As Bernie rightly pointed out, all of Roosevelt’s New Deal social programs to which we have become accustomed, were tagged as “socialism”—just as pundits are branding Bernie’s proposals as dangerous socialist ideas. You can see Bernie’s prepared remarks here. 
Just before Bernie’s speech, I was asked to do an interview with Alex Jensen, on TBS eFM’s “This Morning” English radio program in Seoul, Korea. I was sent a list of questions and jotted down very brief responses. Unfortunately, in our radio interview we were only able to get through a few of these. You can listen to the interview (uses iTunes) here. My interview is #8, Name: 1119 Issue Today with Professor L.R. Wray 
As you will see, we mostly talked about the platform of Senator Sanders, and why his proposals have caught the imagination of the US population. 
Here is the full set of questions and my brief (written) answers.…
Concise and to the point. Good elevator speech.

New Economic Perspectives
MMT and Bernie Sanders
L. Randall Wray | Professor of Economics, Bard College

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