Iruzkinak (5)

  • joseba
    joseba says:

    Democrats in glass houses – you know the rest!

    http://bilbo.economicoutlook.net/blog/?p=32997

    “… the proposed fiscal stimulus that forms part of Bernie Sanders’ campaign will certainly promote dynamics that the US economy has suppressed for years under both the Democrats and the Republicans. I would expect to see some reversals in that trend decline.

    (…) The fact is that the Bernie Sanders proposals represent a break from the mainstream orthodoxy that has choked America and created rising poverty rates, hollowed out cities and regions, and growing misery and dislocation among minorities, particularly black youth.
    I do not like his continual political insistence that the fiscal position will get back into surplus. That is the sop to the old ideologies of neo-liberalism that he seeks to replace.
    So whether these projections are optimistic doesn’t really matter. The direction is sound. As long as workers are not being constrained by lack of jobs and the stimulus achieves full employment, which it surely would, then I don’t see what the problem is.”

  • joseba
    joseba says:

    Bernie Sanders and the Case for a New Economic Stimulus Package

    http://www.newyorker.com/news/john-cassidy/bernie-sanders-and-the-case-for-a-new-economic-stimulus-package

    Pavlina R Tcherneva ‏@ptcherneva 6 hDuela 6 ordu
    Bernie Sanders and the Case for a New Economic Stimulus Package http://www.newyorker.com/news/john-cassidy/bernie-sanders-and-the-case-for-a-new-economic-stimulus-package … via @JohnCassidy

    Warren B. Mosler ‏@wbmosler
    @ptcherneva @JohnCassidy @NewYorker Good, and then he lists risks as interest rates and trade that cast imaginary doubt on it all. 🙁

  • joseba
    joseba says:

    In https://www.blogger.com/comment.g?blogID=2761684730989137546&postID=3862503628681742534&bpli=1

    Sanders’ economic plan was crafted by Stephanie Kelton – she pretty much admits it in this interview with Nicole Sandler

    So definitely it is MMT. When you are going to transition from private healthcare to public healthcare – that has to be paid for by taxes – you cannot replace 30% of the GDP on deficits alone It is Single Payer. So instead of private insurance premiums, the Federal Government picks the tab. You can’t put the entire tab on deficit.

    So the real way to think about the Sanders plan is.

    1. Federal Government picks up the tab for Healthcare.
    2. Federal Government picks up the tab for free education.
    3. Federal Government picks up tab for upgrading national infrastructure
    4. Federal Government picks up tab for spending on Climate change projects

    5. Federal Government increases FICA taxes (to prevent SS and Single payer to be a political football as done by FDR for SS)
    6. Federal Government raises top income tax brackets on top 5% (to reduce inequality)
    7. Federal Government institutes Tobin Tax on stock market and other financial markets (to reduce market volatilty)

    So there is the Federal spending part, and there is the taxation part – the two cannot be sold to the public without linking the two together in some way. That is what Stephanie did.

    Sanders is on record as saying that he deficits will rise under his presidency, and not reduce. However he also on record as saying that he will reduce National debt. And of course we have debated ad nauseum as to how that is possible and doable under MMT.

  • joseba
    joseba says:

    Bernie Sanders Leaves the Democratic Party

    http://heatst.com/politics/bernie-sanders-leaves-the-democratic-party/

    “Sanders, who considers himself, officially, an Independent in Congress because his views lean further left than the Democratic party’s platform, caucuses with Democrats. But until declaring an intention to run for the presidency in 2015, he had rarely, if ever, identified as a member of the Democratic Party (he’s been in politics since 1979).
    (…)

    And now, despite pleading with his base to support Hillary, even though they’re concerned that she’s too moderate, Sanders will return to Vermont and to his seat in the Senate, and he’ll do it with no official party affiliation.”

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