In the aftermath of this latest mass shooting, there is again a loud call for more gun control. Will the deadliest killing in US history of 49 people in Orlando finally be a tipping point, causing the enactment of reasonable gun control legislation at the federal level?
Having been bombarded lately with one scandal after another, it’s understandable that they may have canceled each other out, numbing our reaction to otherwise serious issues. But there may be more to the public’s lack of fury besides information overload. Americans simply don’t trust their government…
There is increasing sentiment in the U.S. Senate to end or reform the filibuster. As we have seen in the last sessions of Congress, a 41-vote minority of Republican senators has effectively bottled up or killed legislation.
Part of the problem is that lawmakers continue to micromanage its practices. (We know how Congressional micromanagement has worked with regard to our economy). For example, Congress has repeatedly prohibited requests to eliminate costly Saturday mail deliveries and reduce the number of post offices. Congress and the Obama administration need to empower the USPS to operate more like a business by giving USPS management more control over decisions about its financial well-being.
Initially the Congress had established three major objectives for monetary policy: maximum employment; stability of prices and interest rates in the long term being moderate. Most often the first two objectives are referred to as the dual mandate of the Federal Reserve.
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