I know I’ve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.

But don’t take @ambermruffin’s word for it. You should get references...

A thread

How homes in Black neighborhoods are undervalued by $156 billion

https://t.co/GAAdpgIkRp
Every major bank in the US has been sued for mortgage discrimination and a study that included every mortgage in America found that Banks charge higher interest rates to nonblack customers

https://t.co/Vohs3vQcgs
https://t.co/sx9tWWB98s
Baltimore redlined areas in 1935 vs Baltimore Drug arrests in 2016
https://t.co/Dc8ehuyFyu
When she said Blacks and whites use illegal drugs at the same rate. That came from the National Survey on Drug Abuse and Health, which includes weed as an illegal drug.

Now that marijuana is legal in most states, experts think illegal drug use will skew white.
The average nonwhite school district gets $2,226 less per student

https://t.co/KpvNsRAEEH
https://t.co/n5dvFCxktr

More from Michael Harriot

Aight. Here’s my favorite 2 stories about Bill Russell.

Both stories reveal how much of a humble human being he is. And one blows my mind because it dismantles what we think about the evolution of sports.

A thread:


The first is, that there is an assumption that today’s athletes are faster, stronger, etc. which is is based on ZERO evidence.

For instance, Wilt Chamberlain benched 465 lbs at 59 years old. Arnold Schwarzenegger says he benched 500 lbs on the set of Conan the Destroyer

Most basketball experts say Wilt has the highest vertical leap in NBA history. A few others argue that Michael Jordan did.

I think they’re both wrong.

Why?

Well let me tell you a story:

In 1956 Bill Russell was selected for the US Olympic basketball team

During this time, pros weren’t allowed in the Olympics, so the International Olympic Committee tried to say that he was ineligible since he had already signed with the Celtics, even though he hadn’t played yet

Luckily, Russell prevailed and led the team to the gold medal as the captain.

But if they would have stopped Russell from playing for the US basketball team, he would have STILL been in the Olympics.

How?

Because Bill Russell was one of the greatest high jumpers I. The world.
You are framing the question so that you can receive the answer you want but I’ll bite.

A thread.


1. Would you agree to a law that required you to get a blood test every time you used the bathroom?

How about a law that required you to slice one millimeter off your penis every time you used ketchup?

I bet you’re thinking “But those laws have no point.”

EXACTLY

Every single large-scale peer reviewed study ever conducted says voter fraud does not exist on a meaningful scale.

Dating back to 1982, there have been less than 500 prosecutions. If we multiplied that by the literal billions of votes cast...

There are LITERALLY more people who claim to be abducted by aliens than there are convictions for in-person voter fraud (Seriously, there was a

When Richard Hasen, a law professor and author of the 2012 book “The Voting Wars” looked at 30 years of data in search of voter fraud changing the outcome of an election, he couldn’t find a single instance

More from Economy

The argument for deficits & debt raising interest rates in the US is not increased credit risk, it is that interest rates are a function of economic fundamentals, flows & policy. Deficits/debt change those.

I can't tell if I'm agreeing or disagreeing with @jc_econ.


Increasing government spending or reducing taxes increases demand (or reduces saving). This raises the price of loanable funds or the interest rate.

In a dynamic context, more demand means a stronger economy, the central bank raises interest rates sooner, and long rates rise.

(As an aside, we are not close to the United States needing to worry about credit risk and the risks are more overstated than understated in most other advanced economies too. But credit risk is not always & everywhere irrelevant, just look at the UK in 1976 or Canada in 1994.)

Interest rates have fallen over the last 20 yrs while debt has risen. This does not necessarily mean that debt rising causes interest rates to fall. It could also mean that other things have happened at he same time that pushed down interest rates more than debt pushed them up.

The suspects for these "other things" include slower productivity growth, slower popln growth, higher inequality, less investment, etc. All of which either increase the supply of saving or reduce the demand for investment, reducing the equilibrium interest rate.

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I hate when I learn something new (to me) & stunning about the Jeff Epstein network (h/t MoodyKnowsNada.)

Where to begin?

So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.


"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991."
https://t.co/DAEgchNyTP


OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg

Dalton School...Dalton School...rings a

Oh that's right.

The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.

Donald Barr was also quite a


I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."

Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.