ECONOMY & WORK
The Sanders “Economic Plan” Controversy
Economist Gerald Friedman did an analysis of Senator Bernie Sanders’s plan suggesting it would produce significant growth in the economy — and then a group of left-leaning economists flipped out. BY DAVE JOHNSON | FEBRUARY 23, 2016
The Sanders “Economic Plan” […]
A trader monitors offers in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange (CBOE) on August 24, 2015 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)
This post first appeared at Campaign for America’s Future. “When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result.”
– James K. Galbraith
Democratic presidential candidate Bernie Sanders says he wants the American people to join him and “fight for a progressive economic agenda that creates jobs, raises wages, protects the environment and provides health care for all.” His website outlines a number of proposals toward this end, including increasing taxation of corporations and the wealthy and using the money to repair the country’s infrastructure, extending public education four years to cover college, extending Medicare to everyone, expanding Social Security and addressing climate change.