Page 53 - TrumpsEconEra_Flat

Trump's Economic Era

of 2009. It turns out that the rule was finalized by a
career bureaucrat in the Food and Drug Administration
who was not authorized to make the judgment. The
dictate was not issued or signed by either the human
services or the FDA commissioner. Unelected career
bureaucrats who have an agenda can sometimes make
regulations. However, the Appointment Clause in
Article II of the U.S. Constitution stipulates that certain
powers can be exercised only by officers who were
confirmed by the Senate. This constitutional
requirement preserves democratic accountability for
judicial and executive branch decisions.

THE BLOCKCHAIN NETWORK

The blockchain technology has the potential of
revolutionizing our lives by securing a database spread
across multiple computers; once the system records a
transaction, the system makes a record of each
transaction. The blockchain network is the basis of
cryptocurrencies like Bitcoin, Ethereum, and Ripple.
No one company or government controls the software,
so authority is decentralized. Algorithms determine the
base, so the system removes subjectivity from the
equation—a contract agreed to by two parties is set.

The blockchain technology utilizes a unique
digital record of every transaction which programmers
group into a “block.” Any changes or additions to the
block needs to be verified by other participants on the
network, making it almost impossible to alter the stored

-52-