The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
"If we measure the wrong thing," warns Joseph Stiglitz, "we will do the wrong thing."
When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result. - James K. Galbraith (former Executive Director of the Joint Economic Committee - the congressional counterpart to the CEA). Paul Krugman in The New York Times has attacked Sanders' economics. Here a number of prominent economists respond, showing how big a change the proposals actually are. They are HUUUGE.
The latest numbers, when put in context, hardly impress
The reality is that the government and the economy are so thoroughly integrated it is impossible to separate the two.
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