Thursday, February 11, 2016

One economist on Bernienomics

In the video below this economist, using standard Congressional Budget Office methodology, asserts Sanders proposals would raise median income by $22,000/year, drop unemployment to 3.8%, create 26 million new jobs and grow the economy by 5.3%/year. Of course this requires temporary government investment in things like education and infrastructure, but said investment will return the surplus needed to get the economy back on track. And this strategy has already been proven in the 50s and 60s when it worked quite well for society as a whole.

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