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> unelected government/political entity whose decisions happen to affect people's lives on a national level You mean like department for transport, or, you kno
by ClumsyPilot 3y ago
> unelected government/political entity whose decisions happen to affect people's lives on a national level
You mean like department for transport, or, you know, the national bank?
Sets interest rate, prints money, entirely unelected, the most important institution in the country.
- RandomLensman 3y agoSocieties are free to change how these things are run - and depending where you are, they did change in the not too distance past, e.g., Bank of England in the 1990s becoming independent as rate setter.