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Federal Reserve Bank of San Francisco | Lessons from History, Policy for Today

Economic Club of New York Virtual Webinar New York, NY For delivery on Tuesday, March 2, 2021 2:00 P.M. EST Introduction In February of last year, right before COVID-19 hit our shores, I was in Ireland. Walking around Dublin one day, I happened upon a converted warehouse with artists selling their work. One of the artists had a wall of beautifully colored, tiny framed prints. Each one was etched with the phrase “History Will Repeat Itself” followed by an arrow pointing to the future. It seemed a pessimistic, almost fatalistic view, so I asked him if he had painted it out of prophecy or fear. He answered, somewhat gruffly, “Both.”

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Biden HUD Nominee Marcia Fudge Is A Systemic Racism Conspiracy Theorist

March 2, 2021 President Joe Biden nominated Rep. Maria Fudge for the secretary of Housing and Urban Development position on Dec. 10. Fudge, an Ohio Democrat, perversely claimed at a Biden campaign live stream rally in April 2020 that COVID-19 demonstrates that America is systemically racist, a statement in line with her other bizarre commentary on race. “Black people have always been aware of systemic and institutional racism. COVID-19 just proved to the rest of the country that it exists,” Fudge said. “If we do not elect Joe Biden, we will not recover in my lifetime. I’m not being dramatic, I’m being honest.”

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