Posted on 03/01/2019 1:05:21 PM PST by OddLane
It’s nothing more than warmed-over Keynesianism, or the idea of “full employment” from the “multiplying factor” of government spending, or via a government-granted banking monopoly printing tons of money, and handing it to the politicians to spend it on pork projects.
(Excerpt) Read more at youtube.com ...
She’s about the best chance we have to take back the house.
Her picture should be in every R ad who’s running for house.
Alexandria expresses herself best with Interpretive Dance......
“What’s she saying about monetary policy now, Frank?”
“I think she’s saying she wants you to stuff money in her underwear.”
We aren’t supposed to ask how to pay for stuff anymore according to AOC.
lol.
Since I first became a goldbug at age 21, the United States has borrowed $22 trillion dollars and spent all of it without any visible harm.
I understand the theory - but I am beginning to consider that they theory may be wrong.
Did she attend even one class while obtaining her degree in economics?
If so, she should file suit against the university that failed her. (not grade wise, but education wise)
What's my point? When everyone older than 50 (or so) is gone, the concept of money as something that's earned, saved, and relates directly to spending will be gone. AOC's generation will accept with glee her monetary plans.
Matt Bracken wrote about this over a decade ago.
He called them Blue Bucks.
Not being backed by gold or silver, money at this point is nothing but a Jedi mind trick anyway.
She may actually get away with this.
How can somebody so stupid and devoid of credibility get so much media time??
If I were running against her, I would produce an ad showing her painting herself into a corner. From a policy perspective, that is exactly what she is doing. The more she spouts off, the more likely she is to propose things that conflict with her own stated ideas.
There was one point during the debate where Murphy had this befuddled expression on his face. He stopped and then told him, not in so many words, that he had no idea what the hell this idiot was talking about.
MMTs make Keynesians look brilliant by comparison.
"..??..da britch be qwazy"
She got a degree in International Relations with a minor in economics. That means five or six course in the Econ department..
Except a few billion for wall is too much, but many trillions for green boondoggle A-OK.
At the rates of printing contemplated by the Green New Deal, the government would be commandeering most of the economy, and greatly devaluing savings. This wouldn’t be a deficit of a “few percent” which we’ve been able to paper over since the US isn’t that more profligate than anyone else. This would be dramatic.
AOC is even dimly aware of this, saying that it’s OK, because the return on the investment will be so great. Of course, that will not be the case.
Well, Salmom P. Chase, as the Sec of Treasury in the Civil War, did consider greenbacks legal tender, till the war was won.
But, when he became Chief Justice of the SCOTUS, he declared ONLY GOLD and SILVER to be legal tender.
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