Statistics about the worst-off can only explain their bad life outcomes if rules are reliably enforced. Otherwise, statistical descriptions of the behavior of the poor could just as easily be descriptions of the good behavior for which they are being punished, or lies.
Structural racism comes from the selective enforcement of rules on the basis of what feels like a normal outcome, so that existing power relations, not the rules, actually control behavior.
Once you know about structural racism, blaming African-Americans' plight on the prevalence of unwed black mothers goes from naive to comically racist. This is good - it creates an opportunity to correct one's political commitments - but only if we actually use the opportunity.
We should assign at least as much credence to these alternative hypotheses:
- Black mothers are effectively married as often as white mothers, but the law doesn't record their marriages.
- Having children out of wedlock is good behavior for which black people are being punished.
If you think that there might be some problems with patriarchy, and things might be somewhat better if the relations between men and women did not involve ownership, then the last hypothesis ought to be prima facie appealing.
And it ought to be unsurprising that this would be anticorrelated with ability to profit from establishment grift
I have some hope that @bryan_caplan, @robinhanson, and @JimDMiller might be interested in this information.

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More from @ben_r_hoffman

26 Mar
2 modern ideologies: cybernetics & game theory, i.e. macroeconomics and microeconomics, unseeing each other.
Keynesian cybernetics systematically extends credit to too-big-to-fail, causing secular increase in relative frequency of Moral Mazes.
Classical economics takes a nation's perspective & tries to increase its wealth. Neoclassical game-theoretic ideas like Pareto improvement assume a nation is made of agents in conflict. RBC theory specifically unsees cybernetics.
Read 8 tweets
7 Mar
Ideology: Changes in treasury bond yield affects availability of credit via opportunity cost.
Mechanical explanation: Changes in treasury bond yield affects availability of credit via the market value of banks' capital reserves.
🧵
Lower Yield, Higher Price

Simple bond: an IOU for $10 in a year. If I buy it for $8 now, then it's as though it will go up in value by 25% in a year, so the effective yield is 25%, the same as if I bought an $8 bond paying 25% interest.
Market Price Yield
$10 0%
$9 11%
$8 25%
$7 43%
$6 67%
$5 100%

For any specific claim on future cash, a higher market price IS a lower yield, and vice versa.
Read 27 tweets
26 Feb
@HiFromMichaelV @wolftivy N is a white woman who's worked for 10+ years in credit unions, currently working on a project to expand access to credit for formerly incarcerated people.
@HiFromMichaelV @wolftivy In our first conversation, I pointed out the difference between credit scores as self-fulfilling prophecies about people's ability to roll over their debts based on future access to credit, and underwriting loans based on fundamentals.
@HiFromMichaelV @wolftivy (Her plan involved making special exceptions to the former but not doing anything about the structural features of the system that create privilege classes, and I wanted to point out that the bigger, more profitable, and more systemic-change-oriented opportunity is the latter.)
Read 9 tweets
24 Feb
Empirically incentives are cancelled in America. Aside from ritualized transactions, offering payment or other inducements makes people run away. I personally know two exceptions but I'm exceptionally well connected.
"Sex work is real work" is about bringing sex workers into the professional class with recognized ritualized transactions and an intelligible generally accepted social role. It's coordination against trade, immigrant entrepreneurs, and migrant farm workers.
People in the kinds of privilege classes I know how to get cozy with now approve of sex workers, their eyes light up when I suggested running sex workers for city council, but I don't think that would have happened if I'd suggested other gray-market entrepreneurs.
Read 5 tweets
2 Feb
Betrayal trauma ought to be a matter of public concern, not just a personal medical issue. Applying @jjfreydcourage's insight to the recent coup: benjaminrosshoffman.com/the-trauma-cou…
@AgnesCallard I think this whole thing is quite relevant to your New York Times piece. The same elements keep showing up in multiple contexts: silencing through medicalization and making things strictly about personal feelings to avoid investigating what happened.
Read 4 tweets
27 Nov 20
Thankful for my first full day in my new home in NYC. So far, having 2 friends as flatmates seems simply good. I seem to have purged some neuroses about how things Should Be In A Place & some Containment fragments that were causing introversion.
Read 28 tweets

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