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As a member of Congress, a coequal branch of government designed by our founders to provide checks and balances on the executive branch, I believe that lawmakers must fulfill our oversight duty as well as keep the American people informed of the current danger.
The framers hated the tyranny of King George, but they were also afraid of the mob. That's why they put so many checks and balances into our system, to guard against the excesses of a government that might be inflamed by public passion or perverted by a dictator's whim.
I'll always understand the Schadenfreude aspect to short-selling. I get that no one will always like it. I'm also convinced to the deepest part of my bones that short-selling plays the role of real-time financial watchdog. It's one of the few checks and balances in the market.
One of the things you learn as a journalist is that when there's no accountability, we humans are capable of tremendous avarice and venality. That's true of union bosses - and of corporate tycoons. Unions, even flawed ones, can provide checks and balances for flawed corporations.
We are a republic, very inefficient. If you want a really efficient form of government, you have a king or a dictator. And in the end, you hope it's a benevolent one. But then you could get things done. There's no lurching; there's no bumps. That's the cornerstone of checks and balances.
One of the things that happens that's challenging within the democratic process is that people say, 'Look at this failure, so we should totally change this whole thing.' And then you add in tons of bureaucratic process and checks and balances, and all of a sudden, it doesn't work that well.
What we can do where we live is advocate again to bring back to life the 10th Amendment, to bring back to life those boundaries in our constitutional system that were supposed to be the critical checks in the checks and balances system. Without them, we lose - gradually, we lose our liberty.
You can harvest any data that you want, on anybody. You can infer any data that you like, and you can use it to manipulate them in any way that you choose. And you can roll out an algorithm that genuinely makes massive differences to people's lives, both good and bad, without any checks and balances.
Religion forbids us from assuming a God-like character. This is especially true in politics and government, where limiting the power of the state, division of powers, and the doctrine of checks and balances are established in order to prevent accumulation of power that might lead to such Godly claims.
In a small lab, if you make a mistake, you can go in the next day and fix it. But here, when you are committed to spending a hundred thousand or a million dollars, you can't fix it later. You need to have a system of checks and balances internally. In particle physics, that's just part of the structure.
Tea Party attendees and health care town-hall protesters share the common belief that the extravagant spending of President Obama and the Democratic Party - absent any checks and balances - will eventually lead more people into government dependency, higher taxes, and, perhaps, our country's financial ruin.
Who needs checks and balances when the left, seemingly, knows and can decide right from wrong? When the left can decide what can be said and what cannot be said? When the left can decide how much money you're allowed to make or whether or not you deserve health care? It is a quest for power. And, it is dangerous.
We all learn in school that the judicial, legislative and executive branches of government must check and balance each other. But other non state institutions must participate in this important system of checks and balances as well. These checking institutions include the academy, the media, religious institutions and NGOs.
We are on the precipice of a crisis, a Constitutional crisis. The checks and balances, which have been at the core of this Republic, are about to be evaporated by the nuclear option. The checks and balances that say if you get 51% of the vote, you don't get your way 100% of the time. It is amazing, it's almost a temper tantrum.