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View Diary: Where are the JOBS Obama? Here, I'll Show You (66 comments)

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  •  More disastrous than Greenspan controlling it? (0+ / 0-)

    Highly doubt it. Not even sure they could do worse.

    The "independent" Central Bank is an idea failing all over the world. ECB is doing a lot to wreck its credibility as well.

    Monetary policy is just as - if not more important than - fiscal policy, the notion that it should be outside democratic control is ridiculous unless you believe representative government and democracy are inferior to technocracy. Right now it's clearly captured by the industry it claims to "regulate."

    In truth, Wall Street regulates the government using institutions like the Fed not vice versa.

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