4 ms·
The US Federal Reserve and the European Central Bank are democratic institutions inasmuch as they have a public mandate and are subject to public scrutiny and c
by lottin 5y ago
The US Federal Reserve and the European Central Bank are democratic institutions inasmuch as they have a public mandate and are subject to public scrutiny and control. I'm not aware that anyone disputes these facts.
- elsalviador 5y agoCentral banks are a core tenet of Karl Marx's communist manifesto. If by democratic you mean "the people's bank", then I do not disagree with you. In the land of the free, Ron Paul attempted to audit the fed for decades. Unsuccessfully.