The Confederacy stood for the forcible subjugation of other people. If there is a benefit to honoring the concept of or symbols for the Confederacy I don’t see it. Taking these symbols out of the public sphere is a net positive, even if some people are able to simultaneously a) disassociate those symbols from the […]
by New Deal Democrat Industrial production: once again, the hard data fails to confirm the sof … ofertheluvofgaud This morning’s report on industrial production confirms that the economy remains on autopilot, and that’s a good thing. Overall production increased again, and the trend of rising production since spring of last year is clear: When we […]
The Colfax Massacre occurred during Reconstruction when Republicans, many of whom were black, won the election. The White League and kukluxklan joined forces to take back the Parish Court House. 300 armed white militia faced black and white defenders of the court house. When James Hadnot was shot by his own men, the attackers started […]
Why Is The Fed Raising Interest Rates As Fast As It Is? I have a theory that at least some people at the Fed are supporting interest rate increases not because they are worried about incipient inflation that must be nipped in the bud in advance under a regime of inflation targeting, but because they […]
(Update…Dan here…I erroneously posted this post under Barkley”s name but it is NDd.) On the erection of Confederate memorials: in which I have to get this off my chest Below is a photograph of the World War Two Memorial on the National Mall in Washington, D.C. Keep it in the back of your mind. I’ll […]
Jeet Heer has posted a timely and excellent essay at New Republic titled “Trump’s Racism and the Cultural Marxism Myth.” In his essay, Heer recounts much of the background to the Higgins memo that I have documented here, here and here. Heer credits William S. Lind as the major popularizer of the myth, as have […]
Newspaper Editorial Cartoonists are having a field day with Donald Trump’s comments condoning the Charlottesville’s supremacists rioting, killing one person, and injuring many more. Living his father’s legacy of racism and supporting ku klux klan. Trump 2015: “ My legacy has its roots in my father’s legacy.” Trump’s staff is complaining Trump went rogue and […]
Real retail sales disappoints . . . the Doomers This morning’s report on July retail sales once again belies the claim that “hard data” and “soft data” are divergent.. Not only did July come in at a strong +0.6% (+0.5% ex-autos), but June was revised up as well. Given basically non-existent inflation, this means that […]
One tiny little ray of hope After the Charlottesville, VA white supremacy violence, and his failure to explicitly condemn it, Donald Trump’s Gallup approval rating has fallen to a new low of 34%, and his disapproval to a new high of 61%: This puts him below the lowest ratings during their entire term of Lyndon […]