Yes, but it should not be flown and it being displayed should be exclusive to government owned museums/national battlefields for educational purposes. It should always be an individual's right to wear or display the Confederate flag. The Confederacy lost the Civil War and those that joined it betrayed the Union and committed treason when they rebelled. Whatever interpretations individuals have of the flag are their own, but the United States government should never fly a flag of any enemy who fought against it.
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