Economic Powers

One of the many huge bills pending before Congress right now is the financial system overhaul.  This is a big complicated mess of a proposal that a lot of people are very skeptical about, and for a good reason – it’s very hard to understand.  I’ve been slow to write about it because I was about as confused as anyone when I saw the big chart supposedly explaining it.  That’s a pity because now that some of the details have sunk in it looks like it’s not too bad overall.  It’s only missing that one thing that Democracy demands – clarity.  I happen to believe it’s not as hard to do that as it seems.

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