We are matching spark and flame
Caught in endless repetition
Life for life we'll be the same
I must leave before you burn me
--The Fixx
When measures are proposed to make Federal Reserve activities more transparent, officials balk, citing the need to keep the Fed 'independent of politics.' But this is an agency linked to the government. How else can an agency be accountable in a democracy unless the people better understand its workings? Per Rothbard (1994), if a government sphere exists as a self-perpetuating oligarchy accountable to no one, then the associated elite are more suitable for a dictatorship rather than a democracy.
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