Sworn in on Jan. 3, AOC has already helped destroy 27 billion dollars, and 25,000 jobs. Good start?

[jknowgood]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

Yet you can't describe her actions and her actions alone why they decided to withdraw.

Lol, she took credit for it. Says she got that 3 billion tax cut to spend. Oh my, and you're sticking up for her.

 

[jknowgood]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

They were going to pay 27 billion in taxes over a 10 year period. South Carolina would welcome that, for a 3 billion tax cut.

 

[Eric Arthur Blair]

Yet you can't describe her actions and her actions alone why they decided to withdraw.

No, there were AOC acolytes in the New York city government working towards the goal of killing the Amazon jobs too.
Here influence is wide and as infectious as an exuberant hugger with leprosy.

 

[Eric Arthur Blair]

Dude...................she's not the one that forced Amazon to pull out of NY. It was all the protesters who wanted Amazon out. AOC is simply saying the will of the people was heard.

She is heeding the will of the people that she herself encourages and leads on with her idiotic ideology. Nice try, though.

Besides, she hadn't even been sworn in when New Yorkers were protesting Amazon. Please try to keep your timeline straight so you don't blame someone who isn't responsible.

Ocasio-Cortez was elected by those same people. She represents what they think and they think what she represents.
Please stop with the weak rationalizing.

 

[peach174]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

What was fleeced was the revenue for the State.

 

[RealDave]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

The jobs will be just somewhere else.

She protected here neighborhoods that would have been destroyed.

 

[Eric Arthur Blair]

Maybe socialism is an acceptable form of governance (which I don't really believe, but for the sake of argument let's say it is).
The people who advocate it (like Bernie Sanders, like Alexandria Ocasio-Cortez, like King Barry) all attach a distinct stink and repugnance to it that makes it difficult for me to accept an economic/political theory that, even at it's best, seems to me to be a sad mistake that the gullible and easily duped all readily fall for.

 

[martybegan]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

The jobs will be just somewhere else.

She protected here neighborhoods that would have been destroyed.

LIC would have been destroyed by more middle class jobs? The whole neighborhood is one big high rise apartment construction project, and this would have brought in jobs for people who could afford to live in them.

LIC has been gentrifying for 10 years now, the horse is out of the barn.

Now there is no millions in construction contracts, no need for new businesses to support all the new workers, no increase in transit revenue from the new workers (and the spill over workers).

 

[Eric Arthur Blair]

The jobs will be just somewhere else.

She protected here neighborhoods that would have been destroyed.

LOL....this is where we are in 2018. Jobs and income "destroys" communities.
More real opinions that seem like satire but aren't.

 

[deanrd]

Trump called Foxconn's Wisconsin factory an 'incredible investment,' but evidence is mounting it's a terrible deal

Wisconsin's deal with Foxconn was as bad as they come

This 1 number sums up why that Foxconn deal is over-the-top bad for Wisconsin

This is why Republicans should never be allowed to negotiate business deals. They just aren’t good at it. In fact they are disasters.

This fox conn deal that Republicans put together is going to be huge in the next election.
They only imagine what they’re losing with the Amazon deal. But we know what the fox conn deal is costing the citizens of Wisconsin. And that’s why they got rid of Scott Walker.

 

[DigitalDrifter]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

The jobs will be just somewhere else.

She protected here neighborhoods that would have been destroyed.

The "neighborhood" wanted them to come. As usual, the mouthy protesters get their way.

https://nypost.com/2019/02/12/majority-of-new-yorkers-want-amazons-hq2-in-queens-poll/

A solid majority of New York state voters support the $3 billion deal to bring Amazon to Queens — especially minorities, according to a poll released Tuesday.

 

[georgephillip]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

Why do you think New York needs anymore corporate welfare?

Alexandria Ocasio-Cortez Celebrated Amazon Pulling Out of New York––But the Governor Says It Cost the City 25,000 Jobs

"Cuomo and other supporters of the project said that Amazon would have brought more than enough investment to the city to justify the tax breaks, and would have established New York as a tech hub to rival other hubs like San Francisco.

"Additionally, he said, HQ2 would have brought 'at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue to fund transit improvements, new housing, schools and countless other quality-of-life improvements.”

"However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits."

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

Funding for a Green New Deal is available in some of the same ways FDR produced his version:

This Radical Plan to Fund the Green New Deal Just Might Work

"A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal.

"At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank.

"The Federal Reserve could also fund any program Congress wanted, if mandated to do it.

"Congress wrote the Federal Reserve Act and can amend it.

"Or the Treasury itself could do it, without the need even to change any laws.

"The Constitution authorizes Congress to 'coin money' and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion dollar platinum coins, put them in its bank account, and start writing checks against them.

"What stops legislators from exercising those constitutional powers is simply that 'everyone knows' Zimbabwe-style hyperinflation will result.

"But will it?

"Compelling historical precedent shows that this need not be the case."

If the Green New Deal generates millions of living wage jobs, it will produce a big uptick in consumption which in two-thirds of US GDP.

As long as we don't reach a point where too many dollars are chasing too few goods, inflation will not be a problem.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

What's your understanding of MMT?

Modern Monetary Theory and Taxing the Rich

"I don’t consider myself an MMTer, but there is a basic Keynesian concept which has been associated with MMT, which is both true and important.

"For the federal government, taxes are not about raising revenue, taxes are about reducing consumption to prevent inflation.

"The point is that the federal government does not need taxes for revenue, since it can just print money. It instead taxes to create the room in the economy for government spending.

"This view is sometimes wrongly taken as a “get of jail free” card, where the government can spend whatever it wants without worrying about raising revenue."

A Green New Deal that provides enough livable wage jobs to soak up our current excess capacity will not necessarily lead to inflation as long as those working those jobs consume goods and services.

 

[martybegan]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

Why do you think New York needs anymore corporate welfare?

Alexandria Ocasio-Cortez Celebrated Amazon Pulling Out of New York––But the Governor Says It Cost the City 25,000 Jobs

"Cuomo and other supporters of the project said that Amazon would have brought more than enough investment to the city to justify the tax breaks, and would have established New York as a tech hub to rival other hubs like San Francisco.

"Additionally, he said, HQ2 would have brought 'at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue to fund transit improvements, new housing, schools and countless other quality-of-life improvements.”

"However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits."

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

Funding for a Green New Deal is available in some of the same ways FDR produced his version:

This Radical Plan to Fund the Green New Deal Just Might Work

"A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal.

"At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank.

"The Federal Reserve could also fund any program Congress wanted, if mandated to do it.

"Congress wrote the Federal Reserve Act and can amend it.

"Or the Treasury itself could do it, without the need even to change any laws.

"The Constitution authorizes Congress to 'coin money' and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion dollar platinum coins, put them in its bank account, and start writing checks against them.

"What stops legislators from exercising those constitutional powers is simply that 'everyone knows' Zimbabwe-style hyperinflation will result.

"But will it?

"Compelling historical precedent shows that this need not be the case."

If the Green New Deal generates millions of living wage jobs, it will produce a big uptick in consumption which in two-thirds of US GDP.

As long as we don't reach a point where too many dollars are chasing too few goods, inflation will not be a problem.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

What's your understanding of MMT?

Modern Monetary Theory and Taxing the Rich

"I don’t consider myself an MMTer, but there is a basic Keynesian concept which has been associated with MMT, which is both true and important.

"For the federal government, taxes are not about raising revenue, taxes are about reducing consumption to prevent inflation.

"The point is that the federal government does not need taxes for revenue, since it can just print money. It instead taxes to create the room in the economy for government spending.

"This view is sometimes wrongly taken as a “get of jail free” card, where the government can spend whatever it wants without worrying about raising revenue."

A Green New Deal that provides enough livable wage jobs to soak up our current excess capacity will not necessarily lead to inflation as long as those working those jobs consume goods and services.

The purpose of government is overhead. the purpose of taxes is to fund that overhead.

True keysean economics has never really been tried because coupled with the deficit spending during contraction periods is supposed to be paying down the debt during expansion periods.

And people talking about government removing "excess capacity" remind me too much of the principles of government in 1984.

Hyperinflation is proof the government CAN'T just print money.

 

[MAGAman]

NY loss is another states gain I'm sure there are 25,000 people in another state who will be very happy to have one of those jobs.

A state not stupid enough to put that group of idiots in charge.

 

[jc456]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

And saved NY taxpayers from being fleeced by a company that does not even pay taxes. Figures you would support corporate welfare.

folks, you can't make this up.

 

[georgephillip]

Why do you think New York needs anymore corporate welfare?

Alexandria Ocasio-Cortez Celebrated Amazon Pulling Out of New York––But the Governor Says It Cost the City 25,000 Jobs

"Cuomo and other supporters of the project said that Amazon would have brought more than enough investment to the city to justify the tax breaks, and would have established New York as a tech hub to rival other hubs like San Francisco.

"Additionally, he said, HQ2 would have brought 'at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue to fund transit improvements, new housing, schools and countless other quality-of-life improvements.”

"However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits."

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

Funding for a Green New Deal is available in some of the same ways FDR produced his version:

This Radical Plan to Fund the Green New Deal Just Might Work

"A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal.

"At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank.

"The Federal Reserve could also fund any program Congress wanted, if mandated to do it.

"Congress wrote the Federal Reserve Act and can amend it.

"Or the Treasury itself could do it, without the need even to change any laws.

"The Constitution authorizes Congress to 'coin money' and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion dollar platinum coins, put them in its bank account, and start writing checks against them.

"What stops legislators from exercising those constitutional powers is simply that 'everyone knows' Zimbabwe-style hyperinflation will result.

"But will it?

"Compelling historical precedent shows that this need not be the case."

If the Green New Deal generates millions of living wage jobs, it will produce a big uptick in consumption which in two-thirds of US GDP.

As long as we don't reach a point where too many dollars are chasing too few goods, inflation will not be a problem.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

What's your understanding of MMT?

Modern Monetary Theory and Taxing the Rich

"I don’t consider myself an MMTer, but there is a basic Keynesian concept which has been associated with MMT, which is both true and important.

"For the federal government, taxes are not about raising revenue, taxes are about reducing consumption to prevent inflation.

"The point is that the federal government does not need taxes for revenue, since it can just print money. It instead taxes to create the room in the economy for government spending.

"This view is sometimes wrongly taken as a “get of jail free” card, where the government can spend whatever it wants without worrying about raising revenue."

A Green New Deal that provides enough livable wage jobs to soak up our current excess capacity will not necessarily lead to inflation as long as those working those jobs consume goods and services.

The purpose of government is overhead. the purpose of taxes is to fund that overhead.

True keysean economics has never really been tried because coupled with the deficit spending during contraction periods is supposed to be paying down the debt during expansion periods.

And people talking about government removing "excess capacity" remind me too much of the principles of government in 1984.

Hyperinflation is proof the government CAN'T just print money.

The purpose of government is overhead. the purpose of taxes is to fund that overhead

Simon Patten was the Wharton School of Finance and Economy's first professor of economics in 1881; his view of the relationship between government and the economy was shaped more by German influences than by British "free trade" orthodoxy.

Patten's view was government should function as a fourth factor of production whose principle economic concern is to reduce the cost of living and doing business.

Simon Patten on Public Infrastructure and Economic Rent Capture | Michael Hudson

"Public Infrastructure as a Factor of Production
"How the U.S. government increased prosperity was by creating infrastructure in the form of canals and railroads, a postal service, and public education as a 'fourth' factor of production alongside labor, land, and capital.

"Taxes would be 'burdenless,' according to Patten, if invested in public internal improvements, headed by transportation infrastructure. 'The Erie Canal keeps down railroad rates, and takes from local producers in the East their rent of situation.'

"'Notice, for example, the fall in the price of [upstate New York] farms through western competition' by making low-priced crops available from Western farms.'

"'Likewise in the cities, public transport would minimize property prices (and hence economic rent) in the center relative to the outlying periphery[6] (Patten 1892, in 1924: 98).'"

 

[Polishprince]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

yes, but she did save the state $3 Billion and has plenty of ideas on how to spend that windfall.

 

[martybegan]

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

Funding for a Green New Deal is available in some of the same ways FDR produced his version:

This Radical Plan to Fund the Green New Deal Just Might Work

"A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal.

"At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank.

"The Federal Reserve could also fund any program Congress wanted, if mandated to do it.

"Congress wrote the Federal Reserve Act and can amend it.

"Or the Treasury itself could do it, without the need even to change any laws.

"The Constitution authorizes Congress to 'coin money' and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion dollar platinum coins, put them in its bank account, and start writing checks against them.

"What stops legislators from exercising those constitutional powers is simply that 'everyone knows' Zimbabwe-style hyperinflation will result.

"But will it?

"Compelling historical precedent shows that this need not be the case."

If the Green New Deal generates millions of living wage jobs, it will produce a big uptick in consumption which in two-thirds of US GDP.

As long as we don't reach a point where too many dollars are chasing too few goods, inflation will not be a problem.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

What's your understanding of MMT?

Modern Monetary Theory and Taxing the Rich

"I don’t consider myself an MMTer, but there is a basic Keynesian concept which has been associated with MMT, which is both true and important.

"For the federal government, taxes are not about raising revenue, taxes are about reducing consumption to prevent inflation.

"The point is that the federal government does not need taxes for revenue, since it can just print money. It instead taxes to create the room in the economy for government spending.

"This view is sometimes wrongly taken as a “get of jail free” card, where the government can spend whatever it wants without worrying about raising revenue."

A Green New Deal that provides enough livable wage jobs to soak up our current excess capacity will not necessarily lead to inflation as long as those working those jobs consume goods and services.

The purpose of government is overhead. the purpose of taxes is to fund that overhead.

True keysean economics has never really been tried because coupled with the deficit spending during contraction periods is supposed to be paying down the debt during expansion periods.

And people talking about government removing "excess capacity" remind me too much of the principles of government in 1984.

Hyperinflation is proof the government CAN'T just print money.

The purpose of government is overhead. the purpose of taxes is to fund that overhead

Simon Patten was the Wharton School of Finance and Economy's first professor of economics in 1881; his view of the relationship between government and the economy was shaped more by German influences than by British "free trade" orthodoxy.

Patten's view was government should function as a fourth factor of production whose principle economic concern is to reduce the cost of living and doing business.

Simon Patten on Public Infrastructure and Economic Rent Capture | Michael Hudson

"Public Infrastructure as a Factor of Production
"How the U.S. government increased prosperity was by creating infrastructure in the form of canals and railroads, a postal service, and public education as a 'fourth' factor of production alongside labor, land, and capital.

"Taxes would be 'burdenless,' according to Patten, if invested in public internal improvements, headed by transportation infrastructure. 'The Erie Canal keeps down railroad rates, and takes from local producers in the East their rent of situation.'

"'Notice, for example, the fall in the price of [upstate New York] farms through western competition' by making low-priced crops available from Western farms.'

"'Likewise in the cities, public transport would minimize property prices (and hence economic rent) in the center relative to the outlying periphery[6] (Patten 1892, in 1924: 98).'"

More Ivory tower bullshit. Economists need the equivalent of what Scientists have in Engineers to cut through the theoretical crap and implement things that actually matter in the real world.

 

[miketx]

Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...

Dude...................she's not the one that forced Amazon to pull out of NY. It was all the protesters who wanted Amazon out. AOC is simply saying the will of the people was heard.

On Cyber Monday, New Yorkers Protest Amazon's New HQ2 with a 'Day of Action'

Besides, she hadn't even been sworn in when New Yorkers were protesting Amazon. Please try to keep your timeline straight so you don't blame someone who isn't responsible.

Do America haters ever stop lying? Amazon said she was involved in it.

 

[georgephillip]

Why do you think New York needs anymore corporate welfare?

Alexandria Ocasio-Cortez Celebrated Amazon Pulling Out of New York––But the Governor Says It Cost the City 25,000 Jobs

"Cuomo and other supporters of the project said that Amazon would have brought more than enough investment to the city to justify the tax breaks, and would have established New York as a tech hub to rival other hubs like San Francisco.

"Additionally, he said, HQ2 would have brought 'at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue to fund transit improvements, new housing, schools and countless other quality-of-life improvements.”

"However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits."

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.

Funding for a Green New Deal is available in some of the same ways FDR produced his version:

This Radical Plan to Fund the Green New Deal Just Might Work

"A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal.

"At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank.

"The Federal Reserve could also fund any program Congress wanted, if mandated to do it.

"Congress wrote the Federal Reserve Act and can amend it.

"Or the Treasury itself could do it, without the need even to change any laws.

"The Constitution authorizes Congress to 'coin money' and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion dollar platinum coins, put them in its bank account, and start writing checks against them.

"What stops legislators from exercising those constitutional powers is simply that 'everyone knows' Zimbabwe-style hyperinflation will result.

"But will it?

"Compelling historical precedent shows that this need not be the case."

If the Green New Deal generates millions of living wage jobs, it will produce a big uptick in consumption which in two-thirds of US GDP.

As long as we don't reach a point where too many dollars are chasing too few goods, inflation will not be a problem.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

You have the understanding of economics similar to a drunk howler monkey.

Same as AOC.

What's your understanding of MMT?

Modern Monetary Theory and Taxing the Rich

"I don’t consider myself an MMTer, but there is a basic Keynesian concept which has been associated with MMT, which is both true and important.

"For the federal government, taxes are not about raising revenue, taxes are about reducing consumption to prevent inflation.

"The point is that the federal government does not need taxes for revenue, since it can just print money. It instead taxes to create the room in the economy for government spending.

"This view is sometimes wrongly taken as a “get of jail free” card, where the government can spend whatever it wants without worrying about raising revenue."

A Green New Deal that provides enough livable wage jobs to soak up our current excess capacity will not necessarily lead to inflation as long as those working those jobs consume goods and services.

The purpose of government is overhead. the purpose of taxes is to fund that overhead.

True keysean economics has never really been tried because coupled with the deficit spending during contraction periods is supposed to be paying down the debt during expansion periods.

And people talking about government removing "excess capacity" remind me too much of the principles of government in 1984.

Hyperinflation is proof the government CAN'T just print money.

And people talking about government removing "excess capacity" remind me too much of the principles of government in 1984.

What about the way FDR removed excess capacity in the US after Pearl Harbor? The Green New deal could mobilize resources in the say way without killing 3% of the world population circa 1940.