I’m re-reading Ayn Rand’s Atlas Shrugged right now, and this story sounds like it comes straight out of the novel:
Core Reforms Held Firm As Much Else Fell Away
In Triage Mode, Economic Team’s Goal To Expand Fed’s Power Trumped Others
By David Cho and Zachary A. Goldfarb
Washington Post Staff Writers
Thursday, June 18, 2009
… Fresh from meeting with Obama, [Treasury Secretary Timothy F.] Geithner asked the lobbyists what they were up to. When they explained they preferred that a council of regulators, rather than the central bank, safeguard the financial markets, Geithner silenced the discussion with a string of obscenities, according to people who were present.
“I don’t believe in rule by committee,” he said. …
Apparently, in Geithner’s world the only alternative to “rule by committee” is rule by a strong man.
Are you paying attention, friends?