Provocative framing from @delong: "These Chicago Boys are all right-wing Marxists. They buy the Marxian proposition that the state is an executive committee for rigging the economy in the interest of the ruling class."
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"But they think that that is a good thing as long as the ruling class is based on wealth, however previously acquired. All their objections are to those who use some form of societal power other than wealth to try to rig the economy in their interest."
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"And while there is an argument that a wealth-based ruling class is in general best, it is a weak argument. "
Next Tuesday, I'm helping @bruces launch "Robot Artists & Black Swans," a book of sf short stories in the Italian "fantascienza" mode, at Austin's @BookPeople!
#Iowa's HSB 272 ("An Act relating to tax collection and penalties, tax permits and loans made by state-chartered banks") is the kind of bureaucratic maneuver Woody Guthrie's meant with, "Some will rob you with a six-gun, and some with a fountain pen."
On its face, the bill is a completely ordinary piece of tax-code cleanup, purging some superannuated rules and consolidating others. But as Iowa law prof @ChrisOdinet writes for @CreditSlips, there's a clever gotcha hidden in that bloodless language.
Here's where the knife slips in: "The general assembly of Iowa hereby declares… it does not want any of the provisions of any of the amendments contained in Public Law No. 96-221 (94 stat. 132), sections 521, 522 and 523 to apply with respect to loans made in this state…"
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