Monday Links

Thoughts on Trump's proposed Treasury Secretary, the Fed's framework review, why banks fail, John Rawls, and socially acceptable religious bigotry

1.      Scott Bessent Sees a Coming ‘Global Economic Reordering.’ He Wants to Be Part of It, Wall Street Journal, November 25, 2024

There’s a lot to like about President-elect Trump’s nominee for Secretary of the Treasury Scott Bessent. Although Bessent proposed the idea of a “shadow Fed chair” that I dismissed during the campaign, he is also something o…