Should the executive power be applied to help out the Fearless Fund? No.

Strategically, it makes sense that Fearless Fund would seek to apply one prong of the State’s power, the Executive, to help settle whether a mechanism that creates, extracts, and distributes capital is being fairly deployed. Alliance was the first to pull the State power trigger when it filed its suit last year. The issue here is should Mr. Biden issue an executive order? My answer is no. Continue reading Should the executive power be applied to help out the Fearless Fund? No.

Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

I live in the 30310-zip code made up primarily of Atlanta’s West End neighborhood. There is a population of approximately 26,062 people with a median income of $24,604. 79.9% of the residents classify themselves as African American or black, while 12.4% of residents classify themselves as white or Caucasian. The unemployment rate hovers around 4.6%. … Continue reading Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

Counsel on political leadership. The Democrats need a whole new slate.

Voters in general and Black voters in particular have allowed the Democratic leadership to get away with offering low hanging fruit disguised as something rare and valuable. In a political economy based on credit-capitalism where the government issues debt in order to raise capital for financing vote getting programs and wars, Democratic leadership should have as its primary focus strengthening the thread of the nation-state via its capital allocation (banking) system. Continue reading Counsel on political leadership. The Democrats need a whole new slate.