The Federal Reserve is nominally independent, but the enormous pressure often aimed at Fed chairs past indicates that it's not that simple. Sir Paul Tucker is author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State.
Amidst the 2020 National Defense Authorization Act's usual mix of bloat and fiscal irresponsibility resides a greater omission: Congress continues to evade its responsibility to oversee the nation's wars.
Philippon’s diagnosis of uncompetitive markets may be accurate for U.S. finance, but for reasons to do with government intervention rather than the absence of competitive enforcement by government.
Some argue that the courts have become too powerful during times when Congress is subject to gridlock, but that's hardly the case, because the president is the undisputed policymaker-in-chief of the United States government.
