[Peace-discuss] Fwd: Sun-Times Op-ed: Put public money to work for the people

[C. G. Estabrook]

Begin forwarded message:

> From: Daniel Biss <info at danielbiss.com>
> Date: August 23, 2019 at 7:38:34 AM PDT
> To: "C. G. Estabrook" <cgestabrook at gmail.com>
> Subject: Sun-Times Op-ed: Put public money to work for the people
> Reply-To: info at danielbiss.com
> 
> 
> Dear C. G.,
> 
> My friend Ameya Pawar and I wrote an op-ed that appears in today's Chicago Sun-Times -- I hope you'll check it out here.
> 
> We begin by discussing a genuinely outrageous recent news item about the hedge fund Warlander Management. Warlander placed a bet that Illinois would default on its debt and has also gone to court to force Illinois to do just that. As Ameya and I write in the piece, it's as though they took out an insurance policy on someone else's house and then went to court asking a judge to burn that house down. (The bad news is that in this metaphor, the rest of us live in the house in question.)
> 
> These folks aren't only market manipulators who are trying to harm Illinois and line their own pockets. They're also hypocrites. They're the very same people who pretend that it's a violation of the laws of economics for government to enact regulations to protect workers or the environment, or for businesses to forgo some short-term profits in order to advance those goals. In other words, they're more than happy to go to court and interfere with the market when it makes them rich, and then they turn around and claim that government shouldn't try to establish economic ground rules in the public interest.
> 
> Here's the good news: the public sector invests tens of trillions of dollars, representing a tremendous opportunity to allocate capital in the public interest. Ameya and I wrote this op-ed as an introduction to a series of articles about different strategies for doing just that. I'm excited about this project and I hope you find it interesting too -- please let me know if you have any suggestions or questions on this topic.
> 
> Thanks so much.
> 
> Onward,
> 
> Daniel
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> Paid for by Biss for Illinois.
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> This email was sent to cgestabrook at gmail.com. Daniel is not funded by billionaires or backed by Illinois' political machine. That's why we believe that emails are a crucial way for the campaign to stay connected with supporters like you. If you'd prefer to receive fewer emails, you can click here. Click here if you would like to unsubscribe from Biss for Illinois email.
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> A copy of our report filed with the State Board of Elections is (or will be) available on the Board's official website (www.elections.il.gov) or for purchase from the State Board of Elections, Springfield, Illinois.
> P.O. BOX 7026, EVANSTON, IL 60204
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