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Reply #78: How is allowing government control of a central bank undemocratic? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

murdoch

(658 posts) Send PM | Profile | Ignore

Tue Jan-09-07 08:02 PM
Response to Reply #48

78. How is allowing government control of a central bank undemocratic?

Isn't allowing government control of a central bank more democratic? Calling it undemocratic makes absolutely no sense. It would be like saying the US Congress can control the Federal Reserve is undemocratic. Right now the US Federal Reserve is a quango (quasi-non-governmental organization), many books of which have been written on by the tin-foil set. I don't disagree with them that the Federal Reserve should be brought more under government control.

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