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Gordon Gekko endorses Sanders


“Well, I think it’s quite simple," he began. "If you look at something called ‘velocity of money’—you guys know what that is, I presume—that means how much gets spent and turns around. When you have the top one percent getting money, they spend five, 10 percent of what they earn. When you have the lower end of the economy getting money, they spend 100, or 110 percent of what they earn. As you’ve had a transfer of wealth to the top, and a transfer of income to the top, you have a shrinking consumer base, basically, and you have a shrinking velocity of money. Bernie is the only person out there who I think is talking at all about both fiscal stimulation and banking rules that will get the banks to begin to generate lending again as opposed to speculation. So from an economic point of view, it’s straightforward.”

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Re: Gordon Gekko endorses Sanders

Thought I'd bring this back to the top.


At least as valid of an economic take as any going around and considerably more so than the notion that a country that's been deeply harmed by financial deregulation and regressive tax cuts will be fine if it just does more of the same.