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Marvin Jones' Winton Triangle research a personal journey


Not every person of color in the South was enslaved.
It is a point Marvin Tupper Jones, the executive director of the nonprofit volunteer preservation and research organization Chowan Discovery Group, explains in detail. A native of what he describes as the Winton Triangle in Hertford County, Jones traces his heritage to the late 17
th century.
Marvin T. Jones
“My oldest named ancestor was from India. William Weaver shows up around 1690,” he told Coastal Review. Weaver was the father of biracial children who were free.
“These were not enslaved people,” he said.
Citing the late Dr. Ira Berlin, a scholar and historian who studied slavery and race in America, Jones said that at the time it was not uncommon for European men and women to have children with partners of a different race. A professor of history at the University of Maryland, Berlin died in 2018. His books and research are widely credited with changing perceptions of the Black experience in ....

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Fiscal Dominance and Fed Complacency


Fiscal Dominance and Fed Complacency
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In his first speech as a member of the Federal Reserve’s Board of Governors, Christopher Waller defended Fed independence and reassured his audience that “deficit financing and debt servicing issues play no role in our policy decisions and never will.” His goal was to dispel the “narrative” that, with massive federal debt and fiscal deficits, the Fed may become subservient to the Treasury. Large‐​scale debt monetization could then lead to inflation and a loss of Fed independence.
Waller was adamant that the Fed would not “succumb to pressures (1) to keep interest rates low to help service the debt and (2) to maintain asset purchases to help finance the federal government.” Despite his statement, there may be reason to fear fiscal dominance. As Harvard economist Greg Mankiw warns, “It would be a mistake to put too much faith in the prescience and skill of central bankers.” ....

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