Tag Archives: Alexandria Ocasio-Cortez

Likewise, Ocasio-Cortez has forced elites on both sides to at least grapple with the economic tenets of modern monetary theory. MMT, as it is known, suggests that a government with its own currency does not need to raise taxes in order to increase spending. So far MMT has faced strong pushback from elites of the left and right. But its basic contention, that deficit spending isn’t as bad as you have been led to believe, is gaining support. These two propositions — that the government...

What the Davos crowd is talking about.SFGateAmong some in Davos, debate over Ocasio-Cortez's proposed 70 percent tax on rich is overHamza Shaban, The Washington Post See also NY PostHow elite financiers feel about Ocasio-Cortez's proposed wealthy tax Jaron Steinbuch

So longer just "socialist"! Now it is "pseudo-communist." Some people are becoming really unhinged! No wonder she wants to criminalize Michael Bloomberg’s wealth (though not his politics or campaign contributions) and supports something called “Modern Monetary Theory” — which says that every time the government spends $10 but only collects $8 in taxes to pay for it, you’re actually up two bucks. MMT says that the government owes it to the people to just keep printing money to pay for all...

I attempted to link directly to the source of the post, which ZH crossposted, but got the message that the site''s bandwidth limit had been exceeded. Apparently MMT is going viral. AOC is a big deal. She has changed the national conversation.The "criticism" is pretty standard, from the gut rather than the head. Dealing with the truth is hard.Zero HedgeThe Disturbing Rise Of Modern Monetary Theory (MMT)Mark Jeftovic via Guerilla-Capitalism.com

Rep. Alexandria Ocasio-Cortez slammed former Wisconsin Gov. Scott Walker's simplification of her proposal to hike taxes on the super-rich in a tweet on Tuesday. Walker said he told a group of fifth graders that the policy amounted to their grandmother taking 70% of their $10 pocketmoney. In a viral takedown, Ocasio-Cortez pointed out that the proposed marginal tax rate increase would only apply to the wealthiest Americans. Business Insider Alexandria Ocasio-Cortez slams 'far-right former...

What happens when a business runs at a loss? If it happens for long enough, eventually it’ll go bust. So why should it be any different for the government? Doh. Another Johnny-come-lately who still hasn't heard that the government is the currency issuer and that everyone that uses the currency must obtain it ultimately from the issuer as the monopoly provider.Therefore, currency users are financially constrained, whereas a government that is sovereign in its currency is not constrained...

Journalists simply follow ratings. The Kardashians have a huge following. When you see a woman who is a parody of a star on the Kardashians, you’ve got to put her on to attract viewers. I tune in for her like I don’t for Elizabeth Warren or Paul Ryan because she’s simply so goshdarn funny. It’s the Kardashian-type funny but it’s still entertaining. Alexandria the Great Ocasio-Cortez. The "younger generation" is about being natural and part off that means "not politically correct," let...

The article had a picture of the latest progressive political star – Alexandria Ocasio-Cortez with the caption that she: ... backs the view that restraints on a government’s spending are primarily set by the amount it can borrow without fuelling inflation. Progressive types then thought it was useful to retweet this incessantly for a few days.My response – I certainly hope that Alexandria Ocasio-Cortez does not back that construction of the limits on spending for a currency-issuing...

Alexandria Ocasio-Cortez’ platform is dramatically better than many may realize. It tackles the greatest evil in existence in a way that no other big-2 congressional candidate’s website does and which most do not even mention. And in doing so, it makes serious much of the rest of her socialist platform in a way that even presidential candidate Bernie Sanders did not — a way promoted by the peace movement, the Poor People’s Campaign, and Black Lives Matter.… By labeling her foreign policy...

Ocasio-Cortez’s socialist message is not an incidental part of a larger demographic story. And her socialism shouldn’t be treated as a virus opportunistically riding the vector of her Latina form. Socialism is inextricable from Ocasio-Cortez’s success because it’s the secret behind her ability to do what the Democratic party has long failed to do — articulate a holistic progressive vision for America. Socialism is a framework that supports a belief that a country in which everyone can live...