Simon Johnson: Wall Street and Supercharge Economy

simon johnson: She argues that these proposals will supercharge the economy, boosting growth and wages, according to The Independent. And she plans to pay for it all with a bevy of taxes on the wealthy, Wall Street and corporations. Elizabeth Warren wants to spend trillions of dollars on education, child care, green energy and health care. Most of her assertions are backed by an all-star panel of experts, including Mark Zandi of Moody's Analytics, Simon Johnson, former chief economist of the International Monetary Fund, and leading inequality and tax specialists Emmanuel Saez and Gabriel Zucman of University of California, Berkeley. The studies underscore the risk Warren took introducing so many -- and such detailed -- plans so early in the campaign. But a growing chorus of other authorities -- including former Treasury Secretary Lawrence Summers -- are voicing doubts about the impact of Warren's proposals, including how much her spending initiatives would cost, how much her tax plans would raise and what effect they would have on the economy. (news.financializer.com). As reported in the news.