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I dare anyone to read Critical Race Theory: An Introduction for themselves and try to believe this idiotic distortion. The book is both horrifying and laughably shallow. Read it yourself. You'll see. Last time I read it, I literally laughed out loud repeatedly at how stupid it is


I have screenshots of some choice material, but I have to admit that I stopped taking them because it's virtually all of the book that's transparently bad and ridiculous. Maybe I need to start sharing them anyway.

You can read the whole book for yourself in about four or five hours. It's neither long nor difficult. It's transparently awful and stupid, and it makes a person wonder what people like Bradley Mason are on about trying to bullshit you away from recognizing that.

Here, they say they're skeptical of rights.

This is after saying in the first paragraph that they diverge from the Civil Rights Movement and oppose the liberal order, equality theory, legal reasoning, Enlightenment rationalism, and neutral principles of constitutional law.


Look at how stupid the questions for deeper exploration are. It's literally making the case for propaganda over truth and then accusing white people of being the only people who confuse the two.
It is difficult to change a 10-year trend.

Long-term expectations do not change as frequently as daily market fluctuations would make it seem.

A quick update on Treasury rates through the lens of the DKW model

*As of Dec. 31*

1/

In previous threads, I made the distinction between long-term secular trends in growth and inflation and shorter-term (2-6 quarters) trends in nGDP


Right now, the long-term trends are unaltered because long-term trends just don't change that fast but we have a very strong cyclical upturn in the economy, centered primarily on the shift to goods consumption bolstering the manufacturing sector and industrial commodities.

3/


As long as the industrial sector continues to roar, TSY rates will have an upward bias as rates generally follow the trend in nGDP growth

A 10yr TSY has longterm expectations embedded in the rate so several qrters, while important, won't necessarily change the longterm trend

4/


This is confirmed by the Dec update to the DKW model which breaks down *actual* inflation expectations, the expected real short-term rate (real growth), term premium, liquidity premium etc.

The DKW model is one of many models that is useful but has many limitations.

5/
i’ll keep saying this but for example look no further than the ku klux klan, theatrical and silly and also deadly serious


we often talk about the overthrow of reconstruction as a singular organized effort, but it should be understood as something more disparate and fractured, with success tied less to martial superiority than the indifference of authorities to intimidation and violence.

a group of guys — maybe the owner of the general store, and the sheriff and some farmers who fought in the war — gets together to gripe and complain and plot a little mischief. they put on masks and grab guns and go beat up a black sharecropper or local clerk or whatever...

everyone knows who did it. but there’s no one to stop them. the army, if it’s even in the state, is tens or hundreds of miles away. and mustering a militia may risk open conflict. the guys realize they can do this and getaway with it. so they do it again.

maybe they have a few more people with them this time. maybe they escalate, not just beating up local blacks and their white allies but killing a few.
Pompeo is a perfect example of this thing that just baffles me. He owes America *everything.* His grandparents immigrated from dirt-poor regions of Italy at the turn of the C19th. He graduated *first in his class* at West Point.


He has a law degree from Harvard. He was the editor of the Harvard Law Review. Went to DC and joined a blue-chip firm. Also made a fortune in private enterprise. America gave the grandson of dirt-poor immigrants the opportunity to do all of that.

He knows *damned well* what the Constitution says.

He's also seen enough of the world to know *damned well* how lucky he was to grow up in a country at peace, governed by that Constitution--and to know *damned well* what happens to a country in a civil war

--which is exactly the brink to which Trump has taken the United States, only recently the inarguable leader of the free world. We now have a GOP that thinks, "storming the capitol in an attempt to assassinate our elected leaders" is somewhere between "great" and "no biggie."

He knows *damned well* what the world thinks of us now, and how endangered we are because of it--and not just us, our generation, physically, but the idea of government of the people, by the people, for the people. It could, truly, perish from this earth-