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Monday, September 09, 2019

Elizabeth Warren’s Insane Proposals

https://www.armstrongeconomics.com/international-news/politics/elizabeth-warrens-insane-proposals/

QUESTION: Mr. Armstrong, Elizabeth Warren’s proposal seems to lack any comprehension of the economic impact. She has said: “To put our economy — and our families — on firmer ground, it is essential to reduce household debt both by raising people’s wages and by bringing down their costs. That is the heart of her economic agenda. We can raise incomes by increasing the minimum wage to $15 an hour, strengthening unions, ensuring that women of color get the wages they deserve, and empowering workers to elect at least 40% of board members at big American corporations.” Correct me if I am wrong, but hasn’t this QE been all about getting people to borrow and spend more? Then she wants unions to run the corporations. When that was the case before everything declined as you pointed out New York was once a major port but unions destroyed that. What is your opinion of these proposals?

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