President Biden's nominee for governor of the Federal Reserve has said repeatedly that she supports reparations, the controversial proposed policy of financial compensation for Black Americans as a form of atonement for slavery and discrimination. "Everybody benefited from slavery. Everybody," Lisa Cook, a Michigan State University professor, said in a September 2020 "EconTalk" podcast. "So, I think that we absolutely need some sort of reckoning with that. There are many proposals on the table to study the possibility of reparations, many economic proposals being put forward, and I think they should all be taken seriously." Biden said during the 2020...