The Ben Shapiro Show Ep. 1689 - $5 Million For Being Black, And Other Terrible Policy Ideas
Mar 16, 2023
Financial chaos looms as Credit Suisse teeters on collapse, compounded by political debates over a $5 million reparations proposal for black residents in San Francisco. The discussion dissects the impact of central bank decisions on global economic stability. Wokeness ignites controversy, as protests at UC Davis showcase rising tensions between ideology and discourse. The implications of reparative justice and childhood gender transitioning prompt critical examination of societal values, adding layers of complexity to these pressing issues.
AI Snips
Chapters
Books
Transcript
Episode notes
Systemic Risk from Bailouts
- The Biden administration's bank bailout created systemic risk, not stability.
- More bank failures and economic uncertainty are likely due to perverse incentives.
Credit Suisse and Moral Hazard
- Credit Suisse faces collapse as Saudi National Bank pulls funding, highlighting global banking concerns.
- Central bank intervention creates a moral hazard, incentivizing risky behavior.
San Francisco Reparations Proposal
- San Francisco considers $5 million reparations for black residents, a $97,000 guaranteed income, and $1 homes.
- This proposal is unfair to residents and unsustainable, reflecting a broader pattern of self-destructive policies.
