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by nerfhammer 1697 days ago
Would the Fed actually have the authority to even do that, regulate what securities Congress members are allowed to hold?
3 comments

No, the Fed (which always means the Federal Reserve Bank) sets monetary policy and has 0 control over Congress.
“The Fed” as in the Federal Reserve: no.

“The Fed” as in the Federal Government: yes.

"Blind Trust" > "Use by US government officials to avoid conflicts of interest" https://en.wikipedia.org/wiki/Blind_trust

https://www.oge.gov/

... If you want to help, you must throw all of your startup equity away.

... No, you may not co-brand with that company (which is not complicit with your agenda).

... Besides, I'm not even eligible for duty: you can't hire me.

... Maybe I could be more helpful from competitive private industry.

... How can a government hire prima donna talent like Iron Man?

... Is it criminal to start a solvent, sustainable business to solve government problems, for that one customer?

... Which operations can a government - operating with or without competition - solve most energy-efficiently and thus cost-effectively? Looks like single-payer healthcare and IDK what else?

(Edit)

US Digital Services Playbook: https://github.com/usds/playbook

From https://www.nist.gov/itl/applied-cybersecurity/nice/nice-fra... :

> "NIST Special Publication 800-181 revision 1, the Workforce Framework for Cybersecurity (NICE Framework), provides a set of building blocks for describing the tasks, knowledge, and skills that are needed to perform cybersecurity work performed by individuals and teams. Through these building blocks, the NICE Framework enables organizations to develop their workforces to perform cybersecurity work, and it helps learners to explore cybersecurity work and to engage in appropriate learning activities to develop their knowledge and skills.

From "NIST Special Publication 800-181 Revision 1: Workforce Framework for Cybersecurity (NICE Framework)" (2020) https://doi.org/10.6028/NIST.SP.800-181r1:

> 3.1 Using Existing Task, Knowledge, and Skill (TKS) Statements

(Edit) FedNOW should - like mCBDC - really consider implementing Interledger Protocol (ILP) for RTGS "Real-Time Gross Settlement" https://interledger.org/developer-tools/get-started/overview...

From https://interledger.org/rfcs/0032-peering-clearing-settlemen... :

> Peering, Clearing and Settling; The Interledger network is a graph of nodes (connectors) that have peered with one another by establishing a means of exchanging ILP packets and a means of paying one another for the successful forwarding and delivery of the packets.

Fed or no, wouldn't you think there'd be money in solving for the https://performance.gov Goals ( https://www.usaspending.gov/ ) and the #GlobalGoals (UN Sustainable Development Goals) -aligned GRI Corporate Sustainability Report? #CSR #ESG #SustyReporting
probably not. Then again, does the fed actually have the authority to do some of the things that it does?