Federal Reserve Independence: Not Just a Good Idea, It’s the Law

Back in 1974, in the aftermath of the OPEC oil embargo, the National Maximum Speed Law was passed by Congress and signed into law by President Richard Nixon. It required all states to enact a maximum speed limit of 55 miles per hour, or else to face a cutoff of federal highway funding. The goal … Continue reading Federal Reserve Independence: Not Just a Good Idea, It’s the Law…