Bill Whalen and David Henderson Conversation
By David Henderson
On June 4, my Hoover colleague Bill Whalen interviewed me about my latest article for Hoover’s Defining Ideas, “Just Say No to State & Local Bailouts,” June 3. I had heard and seen a talk by Bill on Zoom a week earlier and was impressed with his deep knowledge of California politics. His show is titled “Area 45.”
The interview was really a conversation, something I prefer to a standard interview. Bill has a charming personality, with just the right amount of humor.
In the first 20 or some minutes I make the case that I made in my article, in response to Bill’s questions. But he also raised an issue I hadn’t addressed in my article: whether on grounds of emergency aid, California’s state government should be given a bailout. I said no and I said why.
Some highlights from the rest of the conversation:
23:20: Why I worry that Senate Majority Leader Mitch McConnell will go along with some kind of bailout.
36:00: My case for bonds instead of tax increases. (My first choice, of course, is budget cuts.)
37:10: Why, if the feds do bail out California’s government, I would prefer aid with no strings over aid with strings.
38:30: States going their own way on coronavirus policy and why that’s important.
41:00: Related to what’s directly above: The states as laboratories of democracy and why that’s so important.
41:27: Why economists and other social scientists are almost orgasmic about the forthcoming data.
45:20: Eat the rich.
45:40: I’m seeing it as rich people saying “eat the rich.”