raghu wrote: > I wouldn't be too quick to denounce central banks run by technocrats. Do you > really want the Fed to be controlled by the present Congress infested with > Tea Party crazies?
Congress doesn't _really_ want to control (or abolish) the Fed, since it's so useful to have someone to blame for whatever goes wrong. BTW, I think when people talk about central banks being "run by technocrats," that's code for "run in the interests of the banking industry and other financiers." The Fed, for example, is a cartel of bankers. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
