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government transparency

Transparent on Twitter?

I find Twitter distasteful, annoying, even stupid. I sometimes wonder why I should care about that particular “micro-​blogging” platform.

But since it is a big deal to others, I struggle to understand.*

Joining me in the struggle are our two most famous political Twitterers, President Donald Trump and Representative Alexandria Ocasio-​Cortez (D‑N.Y.).

The president lost in court the other day, with the 2nd Circuit Court of Appeals telling him he must no longer block users on the social media platform.

Now AOC finds herself in a similar pickle. On Tuesday, a former Democratic New York Assemblyman filed a lawsuit in federal court against the popular freshman U.S. Representative for doing the same thing Trump had been doing: blocking users on Twitter based on their personal viewpoints.

The litigant surmises that AOC had blocked him “apparently because my critique of her tweets and policies have been too stinging.”

Ouch?

“Twitter is a public space,” insists this Democrat, Dov Hikind, “and all should have access to the government officials on it.”

This puts me in a pickle, too. I am all for government transparency — and I do think officials and representatives should not be completely insulated from the citizens they serve. But we don’t have a right to follow them into their bedrooms or bathrooms.

So, high-​profile federal employees who in any way discuss public matters on social media should not be allowed to block Americans from seeing their posts. But take pity on the poor pols: they should be able to mute users, that is, keep others from cluttering up their social media experience.

Oddly, the lawsuit does not address this muting option.

This is Common Sense. I’m Paul Jacob.


* I even use it, occasionally.

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AOC, Trump, twitter, block, blocking, free speech,

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national politics & policies political economy Popular

Re-​Packaging Nonsense as Wisdom

When committed to folly, clever people make it look wise.

An article last week in Forbes, “The Green New Deal: How We Will Pay For It Isn’t ‘A Thing’ — And Inflation Isn’t Either,” by Robert Hockett, says that “how could we pay for it?” challenges have already been answered best by Rep. Alexandria Ocasio-Cortez. 

She demands to know why only “useful ideas,” like hers, get challenged that way. “Where were the ‘pay-​fors’ for Bush’s $5 trillion wars and tax cuts, or for last year’s $2 trillion tax giveaway to billionaires?”

Where? Here!

And anywhere there’s common sense.

Hockney has his own retort, though, retrieving from the peanut gallery of economics an idiocy called “Modern Monetary Theory” (MMT). 

“Congress will authorize necessary spending, and Treasury will spend,” he writes. Government funds are “never ‘raised’ first” because “federal spending is what brings that money into existence.” 

Look, the United States has indeed come to rely upon debt financing. But it wasn’t always the rule. More importantly, the widespread and long-​term effects are where post-​gold standard monetary creation gets tricky. 

So are MMT advocates. Tricky, that is. What they hide are the dispersed costs, many of which we pay in higher prices.

Their main “contribution” — as stated in the National Review, of all places, yesterday — is that “When a government issues its own currency, as our federal government does, it is in a financial situation different from those of most institutions or households.”

Not really. When a household writes checks it knows will bounce, it does pretty much the same thing.

When governments rely upon debt money, someone is still getting ripped off. With government, though, it isn’t the businesses holding bad checks, it is all of us.

This is Common Sense. I’m Paul Jacob.


N.B. This episode of Common Sense has been corrected from the email version: the author of the Forbes article is not the painter David Hockney.


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