Reply #77: You don't even realize how much you are contradicting yourself.

[phleshdef]

First off, I've no problem with more restrictions on the fed to deter them from making too many of these types of "political decisions" that you are alluding to, just as I've no problem with more restrictions on Congress to deter corporate influence. There are flaws in the system that need serious adjustment and they touch just about every branch and institution of government, Congress, the fed, the pentagon, what have you.

But when you say something like "The problem isn't with Congress -- the problem is with corporate/fascism and their control... over our Congress.", yet you insist that this same kind of political influence is also the same problem we have with the fed, you are really contradicting yourself. You still insist on handing the feds power over to Congress, where the same kind of influence problems exist, thus not solving the actual problem, at all, whatsoever, and now you've just handed the keys to the monetary powers of our economy to people who are both corporate influenced and have absolutely no clue what they are doing.

Your "no appreciation for democracy" bullshit is a really pretty strawman. Again, I made it clear that I believe Congress should exist. I also believe Congress should have the power to pass budgets and write law, just as it does now. I believe Congress and the Senate and the President should remain offices with term limits and subject to periodic elections, just as it is now. You can't possibly claim that I've no appreciation for democracy when my point of view are those that I just stated. In order to not appreciate democracy, I'd have to actually advocate getting rid of the democratic process of elections and equal representation. The next time you accuse someone of not appreciating democracy, I suggest you determine their point of view on how the process of governing should work before making such a foolish accusation.

I firmly believe that monetary policy should be governed in such a way that there is a high likelihood of people that actually know what they are doing are the ones handling that area of the economy. Like all institutions, the Federal Reserve may need more restrictions in certain areas, it may need improvements to the way its being oversaw, there should probably be shorter term limits for those that are appointed to it. But having a national bank or something like a national bank, that operates in this way, is a necessity for our style of government and our style of economy. There is no getting around that.