Why fool around with an opening statement or two when you can watch the entire forum?
There is a YouTube video of this entire first session of the forum.
Streamed live on Feb 24, 2015
The Middle Class Prosperity Project, launched by Senator Elizabeth Warren and Congressman Cummings, will examine economic policies that threaten the middle class and identify new proposals that will ensure the middle class remains the engine of America’s economic growth.
Today’s event is the the first in a series of congressional forums to hear directly from leading economists about how the nation’s economic system has been rigged against the middle class over the past several decades. More details about the Middle Class Prosperity Project are available at http://1.usa.gov/1acRUgT.
– Dr. Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities
– Dr. Beth Ann Bovino, U.S. Chief Economist at Standard & Poor’s Rating Services
– Dr. Gerald Jaynes, Professor of Economics and African American Studies at Yale University
– Dr. Joseph E. Stiglitz, University Professor at Columbia University
There is 2 hours and 13 minutes in this video, but nothing happens until about 11 minutes and 49 seconds, so you can skip through the frames until you see Elizabeth Warren. Rep. Elijah Cummings makes his opening statement at about 18 minutes into the video. The rest of the video is equally fascinating. If you consider yourself a progressive political junkie, you need to watch this video.
The one thing missing from this excellent forum is an expert in Modern Money Theory. Even the Nobel Prize winning economist Joseph Stiglitz falls for the fallacy that increases in government spending in a country with a fiat currency must be “paid for” by cuts elsewhere or increases in taxes. Many of the spending cuts and tax increases they mention have merit for other reasons, but “paying for” increases in government spending is not one of the major reasons. If they had the Senate Budget Committee’s Ranking Member’s economic adviser, Stephanie Kelton, on the panel of one of these forums, they would find that the solutions they are seeking are a lot easier than they realize.
That Ranking Member, Sen. Bernie Sanders, needs to have a talk with Elizabeth Warren to set her straight.