Can Crime Pay the Black American (Afrodescendant) Reparations Bill? – Milwaukee Courier Weekly Newspaper

BlackEconomics.org® Self-conceit may cause humans to think, speak, and decide prematurely without sufficient and careful consideration. We imagine ourselves more knowledgeable than we ought to think. Pointing the finger at self, a guilty plea is entered here. Case in point: Certain opposing individuals and groups reject out of hand the Reparations idea. Fundamental economic principles are used often to support their conclusions that Reparations will be, inter alia, tax increasing, debt creating, and inflation inducing. However, the application of economic principles without full knowledge of conditions and relevant data can cause errors in policymaking. The purpose of this analysis brief is to bring Reparations opposers from behind a veil of ignorance by introducing seldom-considered realities. It is important to note that economists, who are Reparations advocates, often dismiss Reparations opposer of the type just described and for the reasons given by appealing to the following selected and popular arguments: 1. Modern Monetary Theory (MMT);(1) and 2. US Government expansive crisis spending; e.g., spending during the Great Recession of 2008/9 and the Covid-19 Pandemic of 2020-22. We leave those arguments behind and look for keys, not under the light post, but in the bowels of US Government operations. Specifically, we leverage...