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Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “They had learned nothing, and forgotten nothing.” –Charles Maurice de Talleyrand-Périgord Transition to Biden “Biden confronts the limits of his executive power” [Politico]. “It’s an elaborately planned slate of actions designed to highlight his efforts to shore up the struggling economy while Congress debates whether to pass the $1.9 trillion rescue package he has laid out. But while the executive actions will have a big impact millions of Americans are behind on their rent and mortgage payments, and tens of millions more hold student loan debt it’s clear that their effect on the broader economy will be limited at best. ‘It’s on the margins,’ said Diane Swonk, chief economist at Grant Thornton. ‘It needs to be more than that.’ What the

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