George Selgin and (to a lesser extent) I have previously written about the views of Saule Omarova, the person that President Biden wants to be the next Comptroller of the Currency. Most of our critique centered on the ideas expressed in Omarova’s new Vanderbilt Law Review article, The People’s Ledger: How to Democratize Money and Finance the Economy.

I merely pointed out how her plan inherently conflicts with economic freedom and, instead, proposes to put a ruling class directly in charge of everyone else’s economic decisions. George methodically explained why he believes Omarova’s plan for the Federal Reserve to fully replace private bank deposits would have harmful, if not disastrous, consequences.

Now, Alex Pollock, the former deputy director of the U.S. Treasury’s Office of Financial Research, has taken a careful look at some of Omarova’s other writings. Some of the work will seem quite familiar, but most of it exposes ideas that are even more fundamentally opposed to a free enterprise system and the American system of government.

For instance, her 2012 law review article calls for creating a “Public Interest Council,” one comprised primarily of “academic experts,” that “would have a special status…outside of the legislative and executive branches.” She wants this council to have “broad statutory authority to collect any information it deems necessary from any government agency or private market participant and to conduct targeted investigations.”

Separately, in a 2017 paper, Omarova argues that the government should have “special, exclusive and nontransferable corporate-governance rights in privately owned enterprises.” This arrangement would give the federal government “disproportionate voting power with respect to the election of the company’s directors and various strategic decisions.”

There’s much more, of course.