4 ms·

You mean the people we elect to create policies?

• AnimalMuppet 2y ago
  No, Congress is the ones we elect to create legislation. The executive branch hires people (hopefully experts) to create policies. This matters, because policies need to be more coherent than most legislation that Congress passes. Something like a Fed policy absolutely needs to be better thought out than what Congress can produce. Do you really want a Fed "policy" that is the kind of 1500-page monstrosity that Congress creates? Do you really want Marjory Taylor Green and AOC to be writing Fed policy? Bernie and Mitch McConnell? Do you think that's going to produce something better than an independent Fed? It won't. No, the reason people want a political Fed is because they want their politics to guide the Fed. But a political Fed, at least some of the time, will have the other side writing its policy? Do you really want that? I don't think you do.