On Wed, Jun 19, 2013 at 4:29 PM, Jim Devine <[email protected]> wrote:

> > In relation to the Fed, the congressional initiatives haven't been too
> bad. There have been a number of bills jointly sponsored by conservative
> Republicans like Ron and Rand Paul and supported by progressive Democrats
> like Allan Grayson and Bernie Saunders (a de facto Democrat) which have not
> sought to abolish the Fed but to make its operations more transparent and
> accountable to Congress. What's objectionable about that?<
>
> I agree with Marv. Further, even if voters are "befuddled," it's their
> right to make errors rather than have some folks appointed by the very
> rich make mistakes in their name. Popular democratic sovereignty
> trumps dictatorship as a matter of principle.
>


There is a difference between Congressional oversight and day-to-day
decision-making by political appointees.

By your reasoning, we should not have any expert panels deciding anything,
say Medicare reimbursement rates - those should also be decided by
political appointees, right?
-raghu.
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