John Carney — The Platinum Coin: The Legal Wrinkle That Killed It

It was the Fed that done TPC in. You know, "political independence."

CNBC NetNet

The Platinum Coin: The Legal Wrinkle That Killed It

John Carney | Senior Editor

Tim Duy — A Trap of My Own Making

Steve Waldman at interfluidity catches me in a trap of my own making.

Tim Duy's Fed Watch
A Trap of My Own Making
Tim Duy

See the comment I left there as tjfxh.

Democracy or Technocracy?

Americans’ frustration with the federal government is at or near all-time highs. Peter R. Orszag, President Obama’s former budget director, expresses a similar sentiment. In an article for the New Republic, he argues for taking power away from a gridlocked government and giving it to “independent institutions” that will make decisions without undue pressure from politicians or voters.

As Mr. Orszag is well aware, this approach is hardly foolproof. See Catherine Rampell’s response for a good critique.

But I want to note how popular the plan is. It might be less unpopular than you would think....

Read the rest at The New York Times: Stealth Democracy by John Sides

Gallup — Americans Express Historic Negativity Toward U.S. Government