A lot of us have been struggling to reconcile our criticisms of Fed independence with the fact that defense of the Fed is, at this moment, critical to the defense of liberal government. Tooze’s latest grasps this nettle more firmly than anything else I’ve seen. adamtooze.substack.com/p/chartbook-...
Finding Tooze increasingly…detached isn’t right word - but coming at things from weird angles of highly variably usefulness. For example, Obama not firing fed governors is not remotely the type of complacency that I’d critique that admin for… I mean really I find any “MAGA has a point” schtick odius
I don't think that's what he's saying.
I’d normally feel like taking the anti-Tooze is overly inside baseball but after that whole “ackshually not fascist” thing, I’m growing very suspect of his current approach.
Obama has several Fed vacancies in his first he didn't even bother to fill
