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An Independent Fed Is Better Than the Alternative

Kamala Harris’ approach to the central bank is more conservative than Donald Trump’s.
Kevin D. Williamson /
Monetary policy from central bank or federal reserve to solve high inflation, raising interest rate concept. government representative pull control lever for making interest rate hike.
Illustration by Yossakorn Kaewwannarat via Getty Images.

A few years ago, Kate McKinnon had a pretty good skit on Saturday Night Live called “What Still Works?” in which she “interviewed” a parade of horribles—Marjorie Taylor Greene, a meme-stock investor, etc.—in a quest to figure out what, if anything, still works. At one point, she spoke with Jack Dorsey (played by Mikey Day), then the boss of what was then called Twitter:

Kevin D. Williamson is national correspondent at The Dispatch and is based in Virginia. Prior to joining the company in 2022, he spent 15 years as a writer and editor at National Review, worked as the theater critic at the New Criterion, and had a long career in local newspapers. He is also a writer in residence at the Competitive Enterprise Institute. When Kevin is not reporting on the world outside Washington for his Wanderland newsletter, you can find him at the rifle range or reading a book about literally almost anything other than politics.

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