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4min chapter
The Bank Regulator Who Was Blocked for Being Right
Lever Time
What Congress Should Do to Change the Fed
Matt Welch: I wanted to throw a question at you, Matt, because it's been really eye opening for me reading about the Fed this week. He says Congress should explicitly start talking about how the Fed is not independent and needs to be subject to more strict guidance from Congress and the executive branch. Welch: There are lots of specifics you could do. You could get rid of the reserve banks. They have bankers on their boards, which is insane. We're going to remove your supervisory authority. You failed. So we're going to move that over to the FDIC,. Which has an incentive to not allow these masses to be made. Or you know, there's a lot of
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