Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics

Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics
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In the summer of 2020, the Smithsonian Institution created a chart meant to condemn what it calls “whiteness,” and it listed a number of characteristics it claimed were essential to “white culture.” Among the so-called characteristics it described in pejorative terms was delaying gratification, or saving for the future, what Austrian economists would call low time preference. The chart, which was withdrawn after widespread protest, sought to identify the characteristics needed to build not only an economy but civilization itself with a racist culture. Thus, the kind of lifestyle and values that might culminate in someone having high credit scores...
Source: https://www.newswars.com/bidens-new-intersectionality-where-equity-policies-meet-bad-economics/