Jerome Powell simply chooses not to opine on fiscal policy. Congress chooses not to read the Fed’s reports.

The takeaway … Two times a year, the Chairman of the Board of Governors of the Federal Reserve System heads up to Capitol Hill to deliver a semi-annual report on the state of U.S. monetary policy to both chambers of Congress. You can almost guarantee that at least two representatives or two senators will ask … Continue reading Jerome Powell simply chooses not to opine on fiscal policy. Congress chooses not to read the Fed’s reports.

The major questions doctrine: Using the administrative state to mask centralization of executive power.

Rather than calling attention to himself by eliminating administrative agencies, the next President could maintain the facade of an executive that democratically represents Americans by distributing power to independent agencies. Continue reading The major questions doctrine: Using the administrative state to mask centralization of executive power.