WASHINGTON – The latest crusade in the name of diversity commenced on Thursday, this time aimed squarely at the makeup of the Federal Reserve's leadership and spearheaded in part by Elizabeth Warren, the senior U.S. senator from Massachusetts.
The Cambridge Democrat recently linked up with fellow Democrat, Michigan U.S. Rep. John Conyers, to send a letter to Janet Yellen, chair of the Federal Reserve Board of Governors, asking the former Clinton administration adviser to take action. They cited a 1977 law that requires the bank regulator to reflect the nation's diversity.
At times, government seems like little more than a "shell game," with the ultimate goal of increasing its budgets, expanding its reach, and bloating its bureaucracy, all at the expense of taxpaying families.
When the government acts effectively, at least some justification for expansion exists. After all, when it's doing something well, why not expand that function? Reasonable in a common sense way, even this concession makes classical liberals and libertarians cringe. Their vigilance guards us all against government overreach.
