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PosterChild

PosterChild's Journal
PosterChild's Journal
January 18, 2015

Elizabeth Warren keeps pressure on Hillary Clinton

The Washington Post: Elizabeth Warren keeps pressure on Hillary Clinton and Democrats ahead of 2016

It is hard to think of a precedent for the role she has carved out in the Senate. “I think she’s brought some extraordinary credentials to this job in the public policy area. The only analogy I can think of is a former first lady. That’s an interesting analogy, on a lot of levels.”

Warren’s critics, however, say she often steps over the line between simplifying things and being simplistic..... when she was a Harvard Law School professor heading the TARP oversight board.... the hearings that Warren conducted “often felt more like made-for-YouTube inquisitions than serious inquiries. She was worried about the right things, but she was better at impugning our choices — as well as our integrity and our competence — than identifying any feasible alternatives.”

Weiss’s defenders saw the same traits at work in her opposition to his nomination. It was not a total victory for Warren, given that Weiss will instead be given the title of “counselor” to Treasury Secretary Jack Lew, a position that does not require Senate confirmation.

The Washington?Post editorial page called Warren and her allies’ case against Weiss “a grab-bag of symbolism and epithets, not a ration­ale.” New York Times columnist Andrew Ross Sorkin called her outrage “misdirected,” “misinformed,” and “just another campaign talking point.”
January 4, 2015

Adam Smith defends Elizabeth Warren

From The Wealth of Nations, Book II, Chapter II - Of Money considered as a particular branch of the general stock of the society:

To restrain private people, it may be said, from receiving in payment the promissory notes of a banker, for any sum whether great or small, when they themselves are willing to receive them; or, to restrain a banker from issuing such notes, when all his neighbors are willing to accept of them, is a manifest violation of that natural liberty which it is the proper business of law, not to infringe, but to support. Such regulations may, no doubt, be considered as in some respect a violation of natural liberty. But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments; of the most free, as well as of the most despotical. The obligation of building party walls, in order to prevent the communication of fire, is a violation of natural liberty, exactly of the same kind with the regulations of the banking trade which are here proposed.


So sayeth the originator of the "invisible hand."

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