I saw a summary of the MMT (Modern Monetary Theory) article in relation to the New Green Deal.    Woah- just print more money!    There was no attempt to disquise it other than to use technobabble, but anyone with 1/4 of a brain could figure out that printing more money leads to more money chasing a fixed amount of goods and services, so the gov't prints funny money to pay for all the "free stuff".  The cost:  the fixed amount of goods and services has more competition for the increased money supply. This is the first cause of inflation. As more and more is printed, inflation climbs rampantly. Other things that add fuel to this fire:  1: employee demotivation as wage controls and equity result in no incentive to work harder than anyone else, hence productivity and quality drops.  2: the bureaucrats claim the picks of the crop, ensuring they get theirs first, leaving crumbs for all others.  3: black markets are created as the lines and shortages also create exponential inflation (gee, does the Name "Venezuela" ring a bell yet??? Socialism is all about control of wealth and power by the political elite. It fails because people are too stupid to see beyond the failed promises they are given!!!  That and crooked politicians.  The only places where Socialism works is within Capitalistic economies where socialistic programs are implemented. But then, the tax rates are >65-70%, in most cases, and then again, there is the VAT (Value added tax), which results in all commercial goods being taxes at every step of the way, so the designer sneakers or jeans here that cost $150 will cost $300 over there... so your tax rate is even higher because of the hidden VAT for all commercial purchases!