Contemplating Sanders

The Case Against Bernie Sanders -- NYMag:

...Sanders’s core argument is that the problems of the American economy require far more drastic remedies than anything the Obama administration has done, or that Clinton proposes to build on. Clinton has put little pressure on Sanders’s fatalistic assessment, but the evidence for it is far weaker than he assumes. Sanders has grudgingly credited what he calls “the modest gains of the Affordable Care Act,” which seems like an exceedingly stingy assessment of a law that has already reduced the number of uninsured Americans by 20 million. The Dodd-Frank reforms of the financial industry may not have broken up the big banks, but they have, at the very least, deeply reduced systemic risk. The penalties for being too big to fail exceed the benefits, and, as a result, banks are actually breaking themselves up to avoid being large enough to be regulated as systemic risks...