Trump claims he knows nothing about this investigation. I don’t believe him. For months he has been attacking the Federal Reserve, undermining its credibility as an institution (as he did previously about the press or the UN or whatever), and escalating his administration’s actions so that each new outrage feels less crazy because of all the other outrages. This is no different. It is part of the playbook. Lying is part of the playbook. Denying knowledge of a DOJ that is corrupt is part of the playbook. That playbook is the unitary executive model, which is a lot like a dictatorship model. The executive can do whatever it wants. I feel we need a rethink of our checks and balances to address this gap.
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[ 4.5 ms ] story [ 20.2 ms ] thread* Every former living Fed Chair (Bernanke, Greenspan, Yellen)
* Bipartisan former Treasury Secretaries (Geithner, Paulson, others)
* Bipartisan former CEA Chairs (Hubbard, Mankiw, Romer, Furman)
Statement from Jerome Powell
https://news.ycombinator.com/item?id=46582420
I faintly remember the rule of law.