Quote:
Originally Posted by mikey_the_redneck
At the end of the day, a fiat currency could work if monetary policy was controlled and monitored by representative government, rather than having all the Federal Reserve Wall Street cronies in control of it with no transparency.
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Really? I find this view, especially from you, rather interesting. You would really want Barack Obama, or any politician for that matter at the head of your central bank? Personally I'd much rather have a room full of the smartest and most educated people in the world, who don't have to worry about being reelected or voter popularity determining the money supply.