Marv G: " However, and I think you'd agree, Anthony, that the central banks are more removed and therefore more insulated from popular pressures than the elected executive and legislative branches of the government."
I would challenge the "therefore" of this claim. Moreover, just _because_ central bankers are "more removed" from _electoral_ pressure they are _more_ free than are presidents and congress to respond to pressure. Consider the Supreme Court's decision on school segregation? It was _precisely_ the Court's "independence" from voters that made that decision possible. There is a gap between junior-high civics textbooks and political actuality. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
