tag:blogger.com,1999:blog-22020163.post2221988086817426983..comments2023-10-24T07:28:50.297-04:00Comments on Thinking on the Margin: Congressional Irrelevance?Brian Hollarhttp://www.blogger.com/profile/09365101283657395331noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-22020163.post-45934277820572443722008-09-20T11:09:00.000-04:002008-09-20T11:09:00.000-04:00Of course, this is no longer true now that Congres...Of course, this is no longer true now that Congress is getting into the act, buying up mortgage backed securities. I think this mostly has to do with the fact that quick action was needed and Congress was never designed to act quickly. The executive, on the other was designed to act quickly. In crisis situations like this, we should expect the executive to take the lead. This doesn't mean that Congress has become irrelevant. It means that the system is behaving as intended.Anonymoushttps://www.blogger.com/profile/06685673360541644124noreply@blogger.com