For all the criticism we may levy at the Fed and its existence, a monetary spigot directly controlled by the executive is worse.
Very important point.
As much as one can critique governmental bodies, their utility, impartiality, efficacity... independence is important where proper checks and balances make sure everything behaves well in a continuum without having to fear the whims of the executive.
You're much better with words than I am, so I'll stop my comment here.
You're doing great, sir! Nicely smashing "continuum" into a sentence isn't anything I can recall having ever done
reply
My Physics background probably explains the use of the word continuum. Next time I'll use discrete if occasion permits ;)
reply