The Green New Deal vs. The Economy

How do we move fiscal policy from part of the problem to part of the solution? Nathan Tankus describes his recent work to better understand some of the gaps in the US economy.

[etclifford]

Never has so much been said and so little been communicated.

[waynemcmillan]

As usual Nathan gets you thinking differently to most economists. His understanding of how money operates in economies is very sophisticated. His grounded, realistic ideas about the implementation of big transformational projects like the Green New Deal should be taken seriously.

[shogunp]

Nathan Tankus is advocating for indicative planning it seems. Since the GND would require planning but obviously not the kind of planning we saw in the Soviet Union instead like Gaullist France.

[misshvkk]

Appiah comes to mind while watching this. So many public policy decisions are so deeply rooted in value theory. I don't agree with everything said here, but it's quality stuff & food for thought.

[WAOSH]

You really can't take problems you need to solve climate change off the table. 1) You need the new technologies in the pipeline to solve the problem. 2) The solution needs to be more resource efficient than what we have now 3) You need capital to fund a massive project like this.

[nerdynerd]

If interest rates go up with inflation, how will entities fare with debt serviceability?

[uiop]

There’s one planet that supports life. Money can’t buy a new one. Everyone will suffer.

[hoebloify]

the problem is, you don't offer nearly the same energy. only option is nuclear, so who is going to live by the nuke plants? the people making this bill is the only fair option.

[danielhutchinson]

If the Economy is making the possibility of Human Life impossible, we seem to need to discuss the use of Capitalism as unsustainable?
Economists assume that Capital is essential to human life?
Humans assume that Economists are not essential to Human

[tonyfubu]

this is the problem of macro-economics: the case studies (eg. the yacht) aren't pulled from any real-life or significant aggregate, but from the a@@ of the thinker. In other words, speaking about an aggregate (eg. the economy) with various metrics (eg. supply/demand, inflation) without critically breaking down the economy into supply chains, economic relations, and social networks allows for one to talk as if you know what's going on but really all you're describing is what you can see, in your metrics. Another way to think of it: Newton's physics pragmatically describe gravity as a force that pulls, but his physics are superficial descriptions that don't actually describe the inner mechanics of this illusion, hence Einstein and his ilk. With Newtonian physics you simply don't get satellites. But hey, based on his metrics Newton is technically right.

[williamcook]

They have bots doing their works on YouTube

[terryloder]

Why should the World support the US ?. Interest rate for US debt is based on selling bonds, about half of all bonds are purchased by foreigners why would anyone purchase Treasures for zero return or even negative return.

[richardsnodgrass]

Trillions sitting offshore. Don't you think this money should be brought back to their sovereign countries to be taxed? Do you not even know about these monies. Until you address this issue you are just spewing words and, to me, seem a bit foolish.

[aarononeal]

If you are looking for away to help the environment you can use ecosia they are a search engine that plants trees

[ncabcabin]

How can we trust this guy on money when he can’t even figure out his own weight problem 😂

[michaelchattick]

The. New Big Green always goes heavy into the economics but what is in reality socal engineering on a massive scale.
Who today owns the trillions of USD spent on nuke plants, solar reservations and wind generation stations?
In todays push the Powers that be movers want greater density of populations within Metro areas but in ways that pushes less educated, less skilled out of. The newly "Gentrified" areas.
Who owns the lands and profits of the population abandoned or sold, why the same dpomestic and fforeign financials who mine and farm hundreds of millions of their controlled what was once Public Lands.
Public lands that were supposed to benefit all Americans.
The recent currency resets of world with its primacy concern of gold.backing will pla ce what in effect todays flexible multiple banking sovereign and private into one account, into controll of a few digital.
As recent pandemic events slammed the working poor "unessentials" while leaving essentials still managing the systems of both sovereigns and private corporate with a growing GDP and profits upon all exchanges of data info and material trade gradually profiting as they made adjustments.
The energy needs are not to be for benefit of the unessentials but for top 40-50-% who actually can supply their and their leaderships with all essential forms needed to survive .
The top 50% of all holders of wealth were not the most innovative of population but they know how to manage real wealth and power.
tomorrows world does not need the masses of semi skilled and unskilled populations and we are already deep into drawing lines ofwhowill manage and live within the newest highest tech world. Billions of PC illiterate with trillons of not needed people with but social skill pc.
vast portions ofhigher edu cation going private and seeking most profitableDisciplinees to continue with the most effecient use of material goods.
Those living today will not have any skills of value only the fewwill and occupational emphasis will control who gets aneducation and who gets trained and no there will not be allowed changes of trained courses it screws lanning by. Entralized Boards.
ownership of many items will be se erely estricttex to conform to Greens Future Plans.
lots of millenials making livings off of. Grants but they can only generalize the future not get down to real nitty gritty of financing and controlling of populace to go along.
How will fundi g needs of educTion change when only 40% of children will be allocated for highest jobs by 10th grades 40% of students will be trained in manual labor or semi labor training by 6th grade.
Of course they of top 40% think their kids will be of the special catagories.

[harrygeorge]

People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

[yepwhocares]

Oh i soooo solved this. No really. I did

[rocketbike]

Leave the economy alone. Let people work for their own livelihoods. The government needs to stick to it’s original function, and should be more worried about paying off it’s debt and cutting spending down than dictating our lives. The reason that it isn’t is because those like AOC and this guy want our lives dictated. Expanding on that concept, do you really trust this guy?

[brice]

At the end of the day the fed has got To find somebody to buy their bonds Interest rates are not arbitrary they are based On the credit worthiness of the borrower An entity who basi s Modern monetary theory