James T. Fishback

Stacey Abrams resurfaced last week – not to deny another election she lost – but to declare that “Diversity, Equity and Inclusion (DEI) is in the DNA of the United States.” This is the bizarre and ahistorical premise on which her new non-profit, American Pride Rises, is founded. Its website claims that DEI is “a centuries-old movement dedicated to upholding American values,” complete with a timeline that casts everything from America’s Founding in 1776 to the 19th-century abolition movement to the Civil Rights Act of 1964 as part of the “History of DEI” in America. That is complete and utter nonsense – it would be comical if it weren’t an insidious lie that attempts to rewrite American history.

The Chair of the Federal Reserve is arguably the most powerful economic official in the United States. He’s also the least accountable. He sets borrowing costs for households and businesses, opens lending windows to banks deemed “too big to fail,” and decides when to tame or ignite inflationary forces. Unlike the Treasury Secretary or even the President himself, he answers to no one. That may soon change. In Trump v. Wilcox, the Supreme Court is weighing whether the President should be allowed to remove the head of an independent agency.