On Wed, Jun 19, 2013 at 5:38 PM, Jim Devine <[email protected]> wrote:
> > By your reasoning, we should not have any expert panels deciding > anything, > > say Medicare reimbursement rates - those should also be decided by > political > > appointees, right? > > So-called "technocrats" _are_ political appointees. In any event, the > point is that _all_ appointees, whether described as "technocrats" or > not, should be held responsible to the democratic electorate rather > As I said there is a difference between accountability and oversight, and day-to-day decision-making. And you can't have it both ways: you cannot criticize the concept of an "independent" Fed on the grounds that it is unelected and at the same time deplore that it is politically appointed. -raghu.
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