> I have no problem trusting independent bodies with things, so long as they are well-chosen and truly independent.
Right, and a well-chosen king rules better than a representative democracy. The problem is, how do we choose a king well? Likewise, how do we guarantee the Fed is well chosen and truly independent? I submit that we can't.
> History shows that this is a much better idea then trusting either the econo-politically elite or the demos.
Comments
> I have no problem trusting independent bodies with things, so long as they are well-chosen and truly independent.
Right, and a well-chosen king rules better than a representative democracy. The problem is, how do we choose a king well? Likewise, how do we guarantee the Fed is well chosen and truly independent? I submit that we can't.
> History shows that this is a much better idea then trusting either the econo-politically elite or the demos.
Care to elaborate?