![]() "It's quite fair to say he is reordering the economy, given the massive transfer of money from the private sector to the government," said Daniel Mitchell, a pro-free market economist. And while the impact of other aspects of Sanders’ plan, such as a $15 minimum wage or paid family leave, might be less dramatic, they could have significant effects on certain regions and employment sectors. The proposal also includes a federal job guarantee.Įconomists’ views vary on the scale of the other proposals, but some said that changes to the higher-education sector - making college tuition free and forgiving student loan debt - could have a significant impact on the economy. The Green New Deal would affect a smaller, but still substantial, share of the economy that relates to energy, by setting aggressive targets for phasing out fossil fuels. This policy, and breaking up big banks, "would change things in a major way," said Stanford University economist Roger Noll. We found broad acceptance among economists that at least some of these policies would qualify as "reordering" the economy.īy shifting payments from private insurers to the federal government, single-payer health care would dramatically change the health care sector, which accounts for 17.7% of the nation’s gross domestic product. They include instituting single-payer health care the Green New Deal to combat climate change tuition-free college student debt forgiveness a $15 minimum wage breaking up big banks, and paid family leave. We looked at several elements of Sanders’ platform that could potentially have an impact on the economy. ![]() Would Sanders’ platform "reorder the economy"?
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