Hugh Naylor
@hughnaylor
😂 In all seriousness, the debate over whether central banks should be independent versus run by the elected gov is a profound one. I increasingly lean toward having the Treasury handle such functions instead — would be more transparent/democratic/accountable (and it’s not like the Fed has a great track record)
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Koolkheart
@koolkheart.eth
The Fed’s independence can sometimes look more like insulation from public scrutiny than insulation from politics
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Hugh Naylor
@hughnaylor
Exactly
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