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Arnold Kling on Reforming Government and Expertise

EconTalk

The Balance of Power Between the Chief Operating Officer and the Audit Agency

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The shadow fed, which in the old days was carburner and e melzer and their friends, kind of did exactly what we're talking about. They audited the fed and used what public daded information they had to critique it t had experts to do. Niss: The a big challenge with the approach iam suggesting is maintaining the balance of power. You don't want the audit agency to be so powerful that the regulatory agencies forget who their real customers are.

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