Famous Economist Carefully Examines Bernie-nomics! Wow....

[malthaussen]

12. Straightforward, standard analyis.

It will be derided as a pipe-dream because the benefits are so great. If it could be implemented, I imagine we'd see short-term effects in line with what is suggested.

However, I personally am not satisfied that we could sustain a 50s-60s economy of conspicuous waste very far into the future, as it will only increase the environmental impact, and Mother Nature is starting to get annoyed with us. A booming economy would only hasten the day of reckoning. While those who advocate such a return to the Good Old Days would doubtless make noises about reducing environmental impact through recycling and energy alternatives, the mess in the oceans continues to grow and global warming nears the point of no return.

That said, since no candidate is proposing any alternative that takes this into account, the Sanders plan is no worse than any other, and has the virtue of short-term improvement, so at least we go out with a bang, and not a whimper.

-- Mal