Updated: Mar 18, 2019
CPEG member Ron Baiman 3/13/2019 talk on capitalist, socialist, anti-rentier economics, and a Green New Deal and Marshall Plan at Henry George School of Chicago. Public presentation to Henry George School of Chicago. #greennewdeal #modernmonetarytheory
Abstract: The money created by the Fed for the three Year 2008-2011 financial bailout would have paid for almost thirty years 2020-2050 of global climate crisis mitigation. Modern Monetary Theory thinking is useful for differentiating the easy to solve financial spending problem from the more difficult problems of economic resource reallocation and social equity, and that the amount of spending, taxing and rationing, necessary for each of these goals will likely be different.
Download the power point at the link below: