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As it should be. It's good that both the US Fed Reserve Governor and EC appointees didn't have win popularity contests to get there.
by markdown 7mo ago
As it should be.
It's good that both the US Fed Reserve Governor and EC appointees didn't have win popularity contests to get there.
- weakened_malloc 7mo agoEh in a way, I can see both sides of the coin. On one hand if Fed governors didn't have independence, the inflation rate would make Venezuela look like a bastion of economic management. On the other hand, you end up with situations like this where the EC can just keep trying to force in poor policy.
- qwytw 7mo agoThe Fed has a pretty strict and narrow mandate and an even narrower toolset. They can't start coming up and imposing random laws and regulations (outside the banking sector) just because they want to...
- junofan 7mo agoWorth noting they have a strong incentive to grow payroll, which currently stands at 25,000-ish.
- DeathArrow 7mo agoYou argue that people electing officials who make policies affecting those people is bad?
- markdown 7mo agoVery, very bad. Have you seen the quality of politicians today?