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.
Economist and author Arnold Kling talks about improving government regulation with EconTalk host Russ Roberts. Kling suggests ways to improve the administrative state--the agencies and regulatory bodies that often write the regulations that they enforce. The conversation concludes with Kling's idea for holding public intellectuals accountable for their pronouncements.