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That's generally correct, but the issue is more about what kinds of powers are being exercised. Congress can create government-owned corporations, like Amtrak.
by rayiner 2y ago
That's generally correct, but the issue is more about what kinds of powers are being exercised. Congress can create government-owned corporations, like Amtrak. Those corporations can function independently, insofar as they are not exercising executive powers.
The core function of the Fed isn't an executive power. It's not enforcing the law, or interacting with foreign countries. It's a bank that lends to other banks, and influences the market through that economic function. That's not an executive power and doesn't need to be subject to executive control.
The Fed also performs some executive functions (promulgating and enforcing various regulations). I'd argue those must be under executive control. But that doesn't address the Fed's core interest-rate-setting function.
- westurner 2y agoThe recent tariff spat by the tantrum thrower is supposably justified because of the drug overdose rate. All lives matter. List of causes of death by rate: https://en.wikipedia.org/wiki/List_of_causes_of_death_by_rate https://en.wikipedia.org/wiki/List_of_causes_of_death_by_rat... : > Substance abuse: 0.58 % What about the the other 99.4 % of the causes of death, in terms of federal priorities? What about NIH and NSF funding for medical sciences research? /? tariff authorization: https://tinyurl.com/certainplansforusall https://tinyurl.com/certainplansforusall "Are Drinking Straws Dangerous? (2017)" https://news.ycombinator.com/item?id=43041625 https://news.ycombinator.com/item?id=43041625 /? plastic straws executive order: https://www.google.com/search?q=plastic+straws+executive+order https://www.google.com/search?q=plastic+straws+executive+ord... The recently proposed budget would increase the deficit by 16 trillion dollars on 40 trillion?