One thing I’ll say about economists’ views on debt forgiveness
Our field tends to judge policies w/ a limited framework that tries to maximize net benefits today & in the future, & MAYBE cares if you are presently in more need.
But debt also captures PAST injury …
🪡/🧵
And notions of justice can also involve making up for things in the past that you prefer would not have happened, or re-doing redistribution that you don’t think was fairly carried out.
That can matter in addition to where people currently stand …
For example: funding for universities, specifically from states, and especially after recessions, has declined over time
This in part explains greater costs for students, and greater amounts of debt
A few days ago, the University of Chicago, i.e. the president and provost, emailed the campus with a subject mentioning “public safety”
The email starts out by calling for an “examination and reflection of law enforcement in our society”
🧵 👇🏾
One thing the email said was that the University is taking steps toward transparency.
What caught my eye: hyperlinks to publicly available data on all traffic stops and “field interviews” (e.g. questioning or searching people) done by University of Chicago Police (UCPD)
To their credit, there are searchable databases going back to maybe 2015 that show every traffic stop and search
For people will apparently still be coming across these arguments in 2020, here are references on classic rebuttals to the culture of poverty argument:
Like if someone is breaking into your car. Do you really want the cops to come and potentially harm the person?
If there is an actual intruder in my home, will calling the police actually make me safer?
I have an alarm system that notifies the authorities if triggered and not disarmed. I frequently wonder whether that could mistakenly be the end of me or a guest who can’t disarm it.