Historical Legal Battles and Economic Advisory Dynamics

This chapter examines the legal controversy surrounding President Franklin Delano Roosevelt's dismissal of FTC commissioner William Humphrey, and its lasting impact on federal appointments and job security. The discussion links historical precedents to current governance challenges, particularly in the context of the Federal Reserve's independence and the role of economic advisory committees. It highlights the critical need for accurate economic data and the implications of disbanding advisory groups on U.S. economic policy.