Bernie Sanders' Economic Adviser Stephanie Kelton on His 2020 Run

The transcript discusses the cost and funding of Medicare for All, estimating its impact on GDP and potential savings for Americans. It explains how the federal government would fund the program, likening it to a tax cut for most citizens. The role of Modern Monetary Theory in this context is explored, highlighting the difference between government and household borrowing. Finally, it outlines Bernie Sanders' economic policies, focusing on healthcare, inequality, and student debt relief.

What is one of the main benefits of transitioning to a Medicare for All system according to the discussion?

• Limited access to healthcare services

• Increased healthcare costs

• Higher premiums and deductibles

• Reduced overall spending and expanded coverage

How does the federal government plan to fund Medicare for All?

• Through a combination of taxes and borrowing

• Through international loans

• By increasing private sector contributions

• By reducing healthcare services

What is a key aspect of modern monetary theory as discussed in the video?

• It limits government spending to tax revenues

• It mandates balanced budgets

• It allows countries to run deficits without concern

• It requires a country to have a trade surplus

According to modern monetary theory, what is a misconception about government borrowing?

• It does not impact the economy

• It should be avoided at all costs

• It is similar to household borrowing

• It is always beneficial

What is one of the major components of Sanders' economic policies?

• Decreasing union power

• Canceling student loan debt

• Increasing income inequality

• Reducing the minimum wage

What issue does Sanders aim to address through his economic policies?

• Decreasing job opportunities

• Lowering healthcare standards

• Increasing wealth concentration

• Reducing access to education

How does Sanders propose to improve the lives of working Americans?

• By reducing public sector jobs

• By cutting social security benefits

• By increasing corporate tax breaks

• By raising the minimum wage