From a self-government perspective it is absurd that elected officials should have no control over government interest rate policy.
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The president choosing the chair of the fed seems like plenty of control. Some functions of the government need to be separated from short-term political interests!
The fiction that the Fed is some independent institution run by philosopher-king technocrats is just that, a fiction. In reality, central banks are entirely political, and particular look after the interests of private banks and corporations.
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