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346 points Kye | 1 comments | | HN request time: 0.21s | source
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shortrounddev2 ◴[] No.45016842[source]
We should have something like the federal reserve, but for trade policy. A board of governors nominated and confirmed by the senate in 8 year rotations. Politicians cannot be trusted to craft economic policy. I am dubious that they should be crafting fiscal policy either since theyve shown they cant be trusted with that either
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jacobolus ◴[] No.45016943[source]
This is power explicitly reserved for Congress, which is being extra-constitutionally seized by the President (on the pretext of "national security") with no public support. The problem here is electing a lawless president and putting the Congress in charge of a GOP which is full of unprincipled cowards from top to bottom, not the institutional framework.
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shortrounddev2 ◴[] No.45017110[source]
If the answer to a lawless president is a cowardly and corrupt congress, then god help us. Economic policy simply cannot be trusted to politicians whose only incentive is re-election and serving campaign donors
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1. jacobolus ◴[] No.45017148[source]
That's true for every aspect of US government and society; having policy set by an elected legislature answerable to the people is how democracy works. If you want things to function better, start electing people who behave honorably and act in good faith and start demanding accountability from your representatives when they don't.

(Also, don't get your hopes up about the Federal Reserve in the current climate. Just like the Supreme Court or the FBI or the EPA or the NIH, the Federal Reserve is only as good as the people in charge, and Trump is doing what he can to seize control and abuse its powers for personal gain.)