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alfred.stlouisfed.org
| | fredblog.stlouisfed.org
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| | www.calculatedriskblog.com
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| | A top ranked economics and finance blog with a focus on the housing market
| | www.stlouisfed.org
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| | Overview of Fed policies, initiatives and news affecting financial institutions in the Eighth District and across the United States.
| | www.juancole.com
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| Hamburg, NY (Special to Informed Comment; Feature) - Carl Schmitt wrote in Political Theology (1922) "sovereign is he who decides on the state of the exception." What Schmitt meant in using the word "exception" is that in a specific historical timeframe a sovereign can suspend law in the context of a declared state of emergency. In so doing, he possesses absolute power over the judicial order and can decide what needs to be done, by ruling by decree. On April 25, 2024, the United States Supreme Court con...