By William K. Black
Quito: April 8, 2015
At this juncture, I have written three columns about the effort to enact laws allowing discrimination by merchants. I have received two thoughtful critiques by readers that I would like to respond to. I thank them for their responses. The first comment was in response to my first article.
By Joe Firestone
There are two words that describe the Republicans’ Senate Budget Committee’s proposed budget: “dishonesty” and “austerity” for most Americans. Let’s deal with the dishonesty part first. In due course, the austerity will be apparent.
The Senate Budget Committee’s statement, entitled “A Balanced Budget That Supports Economic Growth and Expands Opportunity for Hardworking Americans,” claims to support stronger economic growth, and provide greater opportunity. We might well ask “how much growth” “growth for whom” and “opportunity for whom?”
Certainly not for me and thee, since the Senate budget projects substantially decreased Federal outlays over the decade 2016 – 2025, compared to the CBO baseline budget. This decreased Federal spending comes from:
Posted in Joe Firestone
Tagged budget plans, budget projections, CBO baseline, Congressional Progressive Caucus, debt and deficits, MMT, Modern Monetary Theory, OMB budget projections, Republican House budget. House Budget Committee, Sector Financial Balances, Senate Budget Committee
By William K. Black
Quito: April 7, 2015
My April 4, 2015 column discussed the Wall Street Journal’s express endorsement of a right of merchants to discriminate against groups they detest. I explained that the WSJ was adopting the position of Richard Epstein and quoted Epstein about the policy question he found to be a “very hard question.” That question was “voluntary” hereditary slavery – he’s in favor of it as a “right” essential to “liberty.” But he admits that he finds it “very hard” to justify the impact of the “voluntary” contract of slavery on the “externalities” – and yes, he is talking about children as commodities. I quoted the passage from Epstein’s famous defense of discrimination in his book Forbidden Grounds to show how zany the policy views are that emerge like mold spores as soon as one endorses discrimination by merchants against groups they despise as a means of increasing “liberty.”