Your Federal Government In Action: The SEC
/The original idea of the “independent” administrative agencies was to place the details of governing a complex economy in the hands of wise experts. These experts would be removed from tawdry and corrupting political influences, and would straightforwardly apply neutral principles to achieve fairness and justice in our society.
In the real world, every federal administrative agency, with especial emphasis on the supposedly “independent” ones, becomes larger, more power-hungry, and more corrupt with every passing year.
Somehow, it’s in the nature of the job as federal bureaucrat to believe that you can perfect the world by seizing ever more power unto yourself, imposing more and more rules whether or not authorized by statute, and crushing anyone who gets in your way. Biden’s presidency has accelerated these trends toward infinity.
Consider for today the SEC.