Green New Deal plus Modern Monetary Theory equals socialism
February 27, 2019
By Dr. Mark Hendrickson
Thank you, Representative Alexandria Ocasio-Cortez.
The Green New Deal she has unveiled is most illuminating. It is now unmistakably clear that AOC, Bernie Sanders, and other democrat socialists in the Democratic Party don’t want “socialism lite” but rather they want the federal government to take control of the “commanding heights” of the economy.
Although they may settle for the variant of socialism in which businesses remain nominally private, even as the government dictates what they must do, they plainly want central economic planning, albeit with a...