The Frankish Reich

Here's a good interview with Paul Volcker about presidents and the Fed: https://www.nytimes.com/2018/10/23/business/dealbook/paul-volcker-federal-reserve.html while President Trump has complained in recent months about the Fed’s plan to raise interest rates, he isn’t the first to try to influence the independent Federal Reserve. Mr. Volcker recounts being summoned to meet with President Ronald Reagan and his chief of staff, James Baker, in the president’s library next to the Oval Office in 1984. Reagan “didn’t say a word,” Mr. Volcker wrote. “Instead Baker delivered a message: ‘The president is ordering you not to raise interest rates before the election.’” Mr. Volcker wasn’t planning to raise rates at the time. “I was stunned,” he wrote. “I later surmised that the library location had been chosen because, unlike the Oval Office, it probably lacked a taping system.” So it happens, and I don't know if anything forbids it. But making some kind of consultation mandatory nevertheless impacts the independence of the Fed in a way that isn't good for stability.

I'm no scout, but this reminds me of what we see when MLB scouts talk about "projectability." Worthy just looks like a guy who will always be skinny, not the guy who may fill out and gain strength/weight as he matures. Franklin seems to have more of a projectable frame. So if they were pitching prospects, I think we'd see something like "Franklin has the frame to fill out and add 2-3 mph to his fastball."

Hidden behind all the silly "it's TDS" comments is the actual policy changes being cooked up by people and groups waiting to pounce in a new Trump presidency. And so far, this is one of the scariest - Trump with a say in monetary policy. Say what you want about the Fed, but having an independent central bank has been one of the most critical factors in sustained economic growth, and as a preventative against political manipulation of the currency. It is an awful, stupid, dangerous idea. And it's in play if Trump wins.

Thanks. Great summary!

He HAD 4.4 speed. He actually flashed some potential with the Broncos, but he just couldn't stay on the field. As for Worthy: after sleeping on it, I'm fine with the trade and passing on him. A lot of talk here about how he's 165 pounds (o.k., I'll give him 170) and how he'll get beat up in the NFL. I'm not so worried about getting beat up running routes. But receivers do need to block too, and I can't see him having the ability to do that. So everything is kind of screaming situational speed guy, not primary X receiver. Andy Reid no doubt feels that he can make that work. With our current WR room, I don't think the Bills could make it work.

It's not the trading down that bothers me. It's the fact that I got suckered into watching the most boring two hours on TV since Geraldo opened Al Capone's vault.

Breaking: RG3 pissed that Washington drafted Cousins in the same year as him.

If Andy Reid wanted him, that's good enough for me to turn down the trade and draft him myself.

I'd like that.

Why does Quinyon Mitchell look 34 and JJ McCarthy looks 14?

The good, the bad, and the ugly.

She’s smart and seems to have an occasional pragmatic streak. Alito just seems angry and bitter now, becoming more and more doctrinaire as the years go by. Usually the opposite happens with some experience.

Does it matter whether it was solely as a bargaining chip? That's how they used her to extract something they wanted.

On a serious note - I can't find the underlying poll questions/data. If you dig into what Axios did give us, yes, the majority favor "mass deportations." But what does that mean? Does it mean rounding up people and sending them home without due process? Maybe not: 58% favor "increased pathways" for legal immigration. Would that include the spouse of a U.S. citizen who's here illegally? 65% say we should create new mechanisms for legal immigration so people don't have to enter illegally (not sure in what way this is different than the "legal pathways" question). 46% want to make sure people with legitimate asylum claims are protected, but how do we separate legitimate from illegitimate without due process (court hearings, etc)? My takeaway: Americans largely agree that the current situation is chaotic and unsustainable. I agree too. But they are also fundamentally decent people who see a role for immigrants - an increased legal role - and protections for people claiming asylum. So that's how we got here. "Mass deportations while assessing each case on its merits" is really a contradiction in terms. EDIT: I think I'd interpret it this way - "American people believe that those who are subject to deportation under the law should be expeditiously deported." Which is an indictment of Biden's policies, which by their own terms allow a lot of people who are here illegally and have no means of legalizing their status to stay here anyway.

Thanks - I've said before that one reason I still hang out here is once in a while someone has actual knowledge/experience that helps me learn something or understand something better. So with that in mind: privatize air traffic control? Have privately-owned airports on the European model? Completely deregulate airline pricing and go with an open competition on fares and perks is the best way to ensure the passenger gets what he pays for? What about new models like JSX (a great customer experience, by the way), ostensibly operating charter flights and avoiding major airports and TSA?