Peter Conti-Brown on the Legal and Regulatory Issues Facing the Fed and Financial Markets
Macro Musings with David Beckworth
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CFPB
The Fifth Circuit's attempt to distinguish the Fed from the CFPB is incoherent. Congress only ever creates bespoke laws. Every single law is a creature of its political time. The reason we have independent central banks is because we learn the hard way that if you don't, you have periods of high inflation and monetary instability. So we delegate this authority precisely because we can't trust it ourselves to the body of Congress.
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