Posted in Economy, Politics on 2013/05/08 | Comments:
For the record.
I do not now, nor have I ever wanted the United States government to pay reparations to African-Americans for slavery. Such a payment would be nothing more than another Mobius knot in the reciprocal, never-ending taffy-pull game that we call our economy.
What I mean with those metaphors is that such a payment to a segment of the US population would necessitate the creation of a sum of money by yet another bookkeeping entry which the government would borrow from the Federal Reserve with interest.
Now maybe there is someone out there who thinks I am being too negative and that reparations could be a positive thing, with the national repentance and show of remorse for past wrongs…blah blah blah. It’s time to pop that bubble...
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