December 31, 2023
Everything is not broken in Washington.
Notwithstanding there is no bipartisan agreement on issues such as abortion, China, climate change, deficit spending, immigration and two foreign wars, the Federal government, acting through the Federal Reserve Board, has addressed inflation in an equitable and forceful manner. Hopefully, the American citizenry need not await the outcome of the forthcoming election for the the federal government to address the aforementioned issues of national significance.
A first step could be to learn from the FRB’s actions to address inflation. More specifically, based upon the quasi legislative and executive branch authorities of the FRB, the immediate formation of a working group of statutorily endowed officials in both the Congressional and Executive Branches of government to address one or more of the aforementioned issues.
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