Bernie Sanders has the most realistic plan to boost wages and job creation

January 26, 2016



Here's one more reason to take Bernie Sanders's candidacy seriously: He has put forward statements and arguments on what is by far the most powerful lever a president has on the American economy — the chronically neglected subject of monetary policy.

Sanders's Fed agenda cuts against the narrative of a campaign agenda at odds with wonks' preoccupations and political reality. It could use a little more polish and consultation with a wider range of experts, but it's certainly more detailed and substantive than anything Hillary Clinton (or, for that matter, Barack Obama) has said on the subject. It's also realistic — based largely on things that can be achieved through executive authority.

These ideas got a relatively warm reception from a somewhat surprising source: former Bill Clinton Treasury Secretary and former Obama National Economic Council Chair Larry Summers. This should tell you a lot, given that Summers and Sanders stand at essentially opposite poles of intraparty Democratic debates about economic policy.

Sanders's core point: The Fed could do more to help working people

in full: http://www.vox.com/2016/1/26/10829888/bernie-sanders-federal-reserve