Friday, May 17, 2019

Inslee prices his MMT

Washington Gov. Jay Inslee, a Democratic candidate for president, won't accept half measures in combating climate change -- he proposes shooting for the moon. 
 He unveiled the second leg of his sweeping plan to marshal the resources of the federal government to fight climate change on Thursday: a $9 trillion investment in jobs, clean energy, and modern infrastructure.

$9 trillion over ten years, basically. This yields a little over 2.5% inflation.  It is tied to a bunch of Evergreen Horse manure, but it is his intended default amount. This fits well with my number of $8 trillion. Notice, the politicians have begun pricing their default, the macro economists still faking it.

And here is some of the ice he plans to melt:
Among the ideas outlined in Inslee's massive plan: a $90 billion "Green Bank" to support clean energy deployment; a Next Generation Rural Electrification Initiative; doubling the investment in public transit and dramatically expanding electric car-charging infrastructure; launch a Clean Water for All Initiative to close the $82 billion annual funding gap in critical drinking water, stormwater and wastewater infrastructure and other investments in clean manufacturing jobs and scientific research related to climate change.

Anybody believe he has a plan to refeeze it?  Electric transportation is not yet proven green, and he is throwing a whole wad of inflation at the idea. Notice he still quashes my global warming public nuisance lawsuit.

He has the usual Political Committee of Greenness:
In total, the plan outlines 28 policy initiatives that span a vast array of issues from affordable housing to workers' rights, to a revitalization of urban communities and communities of color, who Inslee's campaign says have had to bear the brunt of climate change's more recent effects.
But, if we skip the tom foolery and just go with his number, we are in the ball park.  That number is close to the unpriced productivity due to right to coin instability.  Essentially the accumulated cost of Fed ATM fees not properly collected.  The New Fed greatly improves this process of expensing the instability as it appears.

These numbers are converging, we are getting close to MMT,. The Keynesians really should do their job instead of waiting for Godot.

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