Tag Archives: bernie sanders

A priceless moment in a Sanders versus Clinton debate last year![embedded content]In reality of course, Bernie is just an honest New Dealer who wants a Western European social democracy.And as for the top US federal marginal tax rates under Eisenhower, we can see them in the graph below. This graph shows the top US federal marginal tax rates on (1) earned income (in red) and (2) (where it diverges from the latter) ordinary income (in blue), from the the data here. And yet even with rates...

There has been a debate following the NYTimes piece on left of center economists against Bernie Sanders. Doug Henwood replied here and Dean Baker here. Henwood does not discuss the Gerald Friedman paper that led to the whole discussion. Now Jamie Galbraith provided a nice reply to the left of center economists that suggested that Bernie's plans are not realistic. He says: "What the Friedman paper shows, is that under conventional assumptions, the projected impact of Senator Sanders'...

Bernie Sanders won in the New Hampshire Democratic primary and beat Hillary Clinton.[embedded content]And people on the left should take careful notice of Sanders’ outstanding good sense in opposing open borders, as we see in the video below.[embedded content]In this respect, Bernie Sanders’ views are just like those of Ralph Nader.[embedded content]The concept of open borders is a lunatic libertarian idea, whether from the anarcho-capitalist libertarians or far left libertarians.Bizarrely,...

By William K. Black Wall Street billionaires are freaking out about the chance that Bernie Sanders could be elected President.  Stephen Schwarzman, one of the wealthiest and most odious people in the world, told the Wall Street Journal that one of the three principal causes of the recent global financial trauma was “the market’s” fear that Sanders may be elected President.  Schwarzman is infamous for ranting that President Obama’s proposals to end the “carried interest” tax scam that allows...

Obama went to Detroit this week, and defended his economic record, including the bailout of the auto-industry. He went further on the offensive, as in the State of the Union, and suggested that Republican candidates that complain about the economy don't have a clue. In his words: "The United States of America, right now, has the strongest, most durable economy in the world... So when you hear people -- I won't say who -- but when you hear people claiming that America is in decline, they...

Away for while, and back in full meta-post. I guess all posts are comment on another post, this one is just one more degree of separation. So Krugman sides with Hilary over Bernie. Let's extend Obamacare, rather than get Medicare for all. The reason is mainly political calculation. It would be impossible to get a single payer system covering everybody. The power of insurance companies, and pharmaceutical firms, combined with the insidious role of money in the political process, implies that...

L. Randall Wray Yesterday Senator Bernie Sanders gave an important speech in which he invoked President Roosevelt’s “second bill of rights” in defense of his platform. As Bernie rightly pointed out, all of Roosevelt’s New Deal social programs to which we have become accustomed, were tagged as “socialism”—just as pundits are branding Bernie’s proposals as dangerous socialist ideas. You can see Bernie’s prepared remarks here. Just before Bernie’s speech, I was asked to do an interview with...

It is usually very hard to get excited about the left-wing politicians anywhere in the West these days, but the rise of the US presidential candidate Bernie Sanders is quite refreshing.It is predictable that all the usual right-wing halfwits are screaming the accusation of “socialism” against Sanders – as if this means Marxism or Communism or a total command economy. It’s nonsense, of course.Bernie is just a good old fashioned European social democrat in American form, as we can see in this...

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