by James Hickman
Schiff Sovereign
Politicians love creating new programs and agencies. But no one ever bothers to check if they actually work.
There’s no accountability, no metrics, no plan—just endless bureaucratic expansion.
Take Elizabeth Warren’s pet project, even before she was a Senator— the Consumer Financial Protection Bureau.
Warren ensured the CFPB had less oversight than a typical agency by having it funded directly from the Federal Reserve. Government agencies are normally funded through Congressional appropriations… so by funding the CFPB with money from the central bank instead, Warren’s new toy essentially became immune to budgetary oversight.
On top of that, the CFPB was designed to have just a single director— instead of a bipartisan commission, which is normal for a government agency. So the CFPB is unique in that vast power is consolidated with a single, unelected official who has little accountability or oversight.
What could possibly go wrong?!?!?