Jared Bernstein, President Joe Biden’s nomination to be chairman of the Council of Economic Advisers, has supported the Green New Deal, higher gas taxes, a wealth tax, and tying Federal Reserve policy to the black unemployment rate.
In a 2019 op-ed for Vox when he was the senior fellow at the Center on Budget and Policy Priorities, Bernstein wrote, “Good, socially minded economists, even Nobel laureates, have argued for pricing carbon more accurately, but thus far they’ve been ignored. Clearly, a different approach is necessary. Which is why we really should take the Green New Deal seriously.”
He added, “Given the increasing awareness of the urgency of climate change over the past 10 years, fossil fuel costs should be higher and they should be growing faster than overall prices, signaling their contribution to global warming.”
Bernstein continued:
… when markets and people interact in ways that are harmful for human welfare, there’s a well-established economic rationale for the government to step in and fix the problem by “internalizing the externality,” meaning making the persons or institutions that are, in this case, polluting the environment pay for the damage they’re doing to the rest of us. If the price system isn’t picking up the true cost of the damage and short-sighted people — which is most of us — are okay with that, then there’s a role for government to realign the higher social cost of fossil fuels with its lower actual cost.
Sen. Sherrod Brown (D-OH), the chairman of the Senate Banking Committee, who is up for reelection in 2024, praised Bernstein for spending his “entire career fighting to make our economy fairer, so that working families’ hard work can pay off.”
lmao, one has to be employable to be employed. if you have no skills, no education then who, other then the government is going to pay you? and the DemonicRats only pay you, for your vote to stay on the plantation with them!
Impeach Biden !!!! The Best DEAL