“Are you talking about CIA, the Supreme Court? No? The Fed?
You mean that group that testifies to Congress every 6 months, has a yearly audit and has the meeting minutes published 6 weeks after each meeting?
It’s no more ‘secretive’ than your average school board IMHO.”
Congress often pries into the happenings at the CIA and thats a good thing and it has the power to impeach any judge at the supreme court. Judges at the supreme court give lengthy reasons for their decisions. If they didn’t, they could eventually be impeached.
“I would prefer a non-political organization determining the money supply. God standard, a bunch of bankers, a computer program - any of those choices is preferable to politicians misusing the supply of money.”
Why would it be better for an organization to be non-political and thus only care about what they can gain directly for themselves and how they can manipulate things directly for themselves than how they can manipulate things to possibly get elected? How is it better for us not to know what they are doing and why so we have no possible way of knowing whether or not they are doing the right thing for the right reasons?
You're under the mistaken impression that Bernanke and his buddies at the Fed get to keep the Fed's earnings every year.
How is it better for us not to know what they are doing
What aren't they telling you? When they change interest rates, they tell you. And then, they release the minutes of the meetings where they made those decisions. When they buy or sell bonds, they tell you. When they testify before Congress, you can see idiots asking Bernanke questions for hours. And sometimes, the questioners even know what they're asking, but not often.
and why so we have no possible way of knowing whether or not they are doing the right thing for the right reasons?
They tell you what they're doing and why. It's often years later before we know if it was the right thing.