http://archive.is/jV263
>The short answer to 'how we will pay for' the Green New Deal is easy.
>We'll pay for it just as we pay for all else: Congress will authorize necessary spending, and Treasury will spend.
>This is how we do it – always has been, always will be.
>The money that's spent, for its part, is never 'raised' first.
>To the contrary, federal spending is what brings that money into existence.
Well, shit. Why don't we just sign a bill funding research into genetically engineered catgirls in space? After all, we'll pay for it just as we pay for all else: Congress will authorize necessary spending, and Treasury will spend.
>Representative Ocasio-Cortez, whose educational background is in economics, understands as few leaders seem to do that our problems of late have been problems of deflation, not inflation.
Because when people complain about being in millions of dollars in debt, that's a problem of deflation.
This is what it looks like when you sentence economics to a spiral of continual degradation, until it has distilled into pure shitfuckery. How does it feel to know this isn't even its final form? How does it feel to know you're going to be able to watch this get implemented in public policy, in slow motion, all within your lifetime?