Last week I completed my first @IRONMANtri. It was a life changing experience. I wrote about why in this free post:
petercontibrown.substack.com…
Peter Conti-Brown retweeted
Agree with this from @Petercontibrown-- for all Warsh's language about regime change, keeping institutional stability at the Fed will probably be the defining challenge for him, as post-pandemic inflation was for Powell.
petercontibrown.substack.com…
Great points and a hard line to draw for my low-conviction view. But I think (1) bullying the Fed for lower rates through persecuting Fed Governors will (2) produce higher inflation which (3) voters hate. They should hear why Dems are different, forcefully (assuming they are!)
Peter Conti-Brown retweeted
Wow. The Federal Reserve Act (FRA) was actually changed in the recent housing bill. You don't see the FRA changed very often. And it was change to prohibit any CBDC issuance by the Fed. @Petercontibrown @vtg2 @NickTimiraos @colbyLsmith @ChrisRugaber @senoj_erialc
It's peak Fed Task Force, but one of these things is not like the other. Plus thoughts on Open USD, Better Markets, the institution of the Latter-day Saint YW Camp and the need for mentors, and my review of Haberman & Swan's Regime Change. Take a look!
open.substack.com/pub/peterc…
The more I think about it, the less I like Trump v. Cook, even as I celebrate the (narrow) outcome that Governor Cook will retain her seat pending this litigation.
Here is why and what the Supreme Court should have done instead.
open.substack.com/pub/peterc…
Peter Conti-Brown retweeted
The Supreme Court's decision to let Lisa Cook stay on as a Fed governor is no doubt a victory for the central bank's independence. But the narrow ruling did not foreclose the president’s ability to try to dismiss its officials in the future
"This saga is not over," said @Petercontibrown. "It may look to be an attempt to quiet the temptation by presidents to meddle with the Fed, but I read it in the opposite direction. It’s an invitation for more meddling"
My analysis of the Court's blockbuster -- and surprisingly troubling -- opinion in Trump v. Cook.
open.substack.com/pub/peterc…
One of the most interesting questions each of us faces is who are "my people."
The problem? Sometimes we define those communities so narrowly that we reduce or eliminate opportunities to express the full dynamism of our lives. /1
In today's personal essay, I explore those questions, reflecting on the past and present, in my migration from Oklahoma through Harvard to Wharton and through many other walks of life. /end
petercontibrown.substack.com…
Republicans should be deeply troubled by the appointment of Bill Pulte as Acting Director of National Intelligence.
The combination of malevolence, sycophancy, and incompetence that he has displayed in office has a name: pultification. /1
Bill Pulte has perfected the art. It hasn't mattered very much so far--there's only so much an FHFA director can do. But that may be over. See my post below, including what can be done.
open.substack.com/pub/peterc…
I loved Belle Burden’s new memoir Strangers, despite the brewing pushback. On this plus some thoughts on Warsh’s new commitments to opacity, supervisory risk, and why two flats on my last ride can’t get me down, check out the latest at PCB Central.
open.substack.com/pub/peterc…