A group of Democrats from the House and Senate announced the Green New Deal, a plan that would get rid of all power generated by oil, natural gas, nuclear or coal, would require all vehicles be electric (how will the electricity be generated?), may outlaw steak so we'll have fewer farting cows (no joke) and will guarantee income for those "unwilling to work".
Alex Brill of the American Enterprise Institute deciphers with Tim exactly what the economic impacts would be.