[Trailer] Supreme Court Issues Surprise 7–2 Ruling on Federal Reserve Funding | Facts Matter

Three days ago, in a split 7–2 decision, the U.S. Supreme Court delivered a victory for the administrative state. Specifically, this ruling allows for a certain government agency to continue getting its funding—not from the Treasury, but instead, from the Federal Reserve Bank. In other words, it allows the government to use the Federal Reserve (which is a quasi-private bank) to fund their pet projects. And the implications this has are rather far-reaching, so let’s go through them together.