Reply #26: Free from political pressure? [View All]

[rollingrock]

you do realize, for example, that George W. Bush was APPOINTED to his first term of office by the Supreme Court, don't you? If you think the Supreme Court isn't subject to political pressure, then you are dreaming.

Nothing is free from political pressure. The Federal Reserve, like the Supreme Court, is subject to the politics of the men who run it or serve on it. Alan Greenspan was a follower of the right-wing lunatic Ayn Rand, for example and Greenspan's extremist libertarian views influenced all of his decisions at the federal reserve, decisions which ended up contributing to the near-collapse of the economy, something from which it may never recover in the long run (ie: the collapse of the dollar seems to be well on its way). I sure don't want people like that conducting their business in secret.