I just read through opening remarks by Governor Michelle W, Bowman, a member of the Board of Governors of the Federal Reserve System, delivered today during a Fed Listens event in Chicago. Fed Listens is an initiative through which policy makers engage community stakeholders in order to determine how monetary policy is impacting the lives … Continue reading Does the Federal Reserve need better listening tools?
Lineage is the framework through which I see myself in this political economy. My views on the political economy are steeped in observing my family members participate in trade. I saw members of both sides of my family in the Eastern Caribbean act as retail and wholesale merchants. Through merchant activity they brought their communities value. Value gets … Continue reading Domestic mercantilism keeps the race question out of banking …
It is tough to call the discussion on reparations for black American descendants of slaves a debate. It appears to me that any heat from the discussion is generated by the persistent dialogue amongst its supporters and a cool response from blacks who are both sympathetic but resigned to the high probability that the government of … Continue reading Reparations. Is the solution in the bond market?
Will blacks have to create an alternative device for influencing American politics? Continue reading Does being black mean having nothing to trade politically?
Bill Ackman, a billionaire hedge fund manager, called out Harvard University president Claudine Gay as a beneficiary of diversity, equality, and inclusion. DEI, like CRT (critical race theory) is a concept I can do without. Both bowls of socio-politico alphabet soup are used by the political left to garner electoral votes. The concepts in the end do not … Continue reading In regard to Claudine Gay, black excellence has its limits.
Black Americans have been making arguments about reparations for slavery for decades. The argument that the United States owes the descendants of Africans brought to the United States is a powerfully emotional one. Today’s Blacks are either descendants of African indentured servants who saw their contracts for freedom broken by wealthy Anglo-Saxon landowners, merchants, or … Continue reading How do Blacks navigate a currency system they did not create? By showing they know the currency system better than anyone else.
From a political standpoint, this narrative is far more powerful than anything either Republicans or Democrats can come up with. Can the U.S. government subsidize the shortfall in capital accumulation that a pensioner will need to sustain themselves? This is the question often overlooked as America moves closer to mid-century. Continue reading Just how much does it take to retire?
Blacks blew this one. The next phase is for blacks to take control of the policy agenda; to go into the courtrooms and legislatures to add meat to the compelling interests of the State. Continue reading Blacks blew affirmative action all on their own. Now to the next phase …
Black politicians concerned about protecting their communities via banking should have been advocating that the Federal Reserve increase rates hard and fast. While the increase in rates would have been accompanied by a decrease in house prices, non-blacks would have thought twice about buying up black neighborhoods while black homeowners using data evincing falling values could have petitioned for lower property taxes based on those falling values. Continue reading The Community Reinvestment Act not an example of political outcome for blacks
Lawyers Write the Bets. Bankers Sell the Bets. 