I was considering writing a column about how the proposal for increased powers for the Fed is giving me the willies — and then, lo and behold, Philip Klein already wrote such a column in today’s issue, and he did it better than I would have done. His Friedman quote about the fool in the shower is very appropriate. And because the Fed is singularly unaccountable, the idea of giving it such an even larger grant of powers should frighten every believer in self-government. Kudos to Philip for explaining it all so well. Readers: Spread his link far and wide, please. Send it to your congressmen. It’s important.
