The inflationary bias problem tends to be more prevalent in developing countries, as opposed to developed countries.
Cental bank independence would be good, because elected
officials can influence monetary policy too much.
The indepence of the central bank is really bad because that means that it is privately owned and used towards their interests; in the past, such a system has funded the Nazi party of germany, being independant, the bank can print as much money as possible. This means that it can control our inflation, interest rates, and it can give us a time of depression. By being independant, the bank will only serve the wants of the rich, by-passing the needs of society. If you go check out zeitgeist at youtube.com; you can see how the indepence of the central bank started the U.S. vs. Japan and participation in the Korean War; even now, the U.S. vs. Iraq/Afghanistan war need money. All this comes from the central bank, this series of videos will explain that money that you own comes with debt, so you owe the bank what you have in your hand along with and X amount of debt. I highly recommend that you go and check this out; open the eyes of the light minded public. Even George Bush is the owner of oil fields in Texas and Iraq/Afghanistan, a billionaire; along with the war he is only benefitting himself, he is given money by oil companies and banks. If I were American, I would pray to god, Al Gore be elected rather than that Clinton canidate, wow, you'll realize why I said this if/when she gets elected. One of your governments sold out the Central Bank being owned nationally to public riches for support of getting into government and he later stated his grave mistakes. The fathers of U.S's confederation knew that if the Central Bank was given independance, the American people would be giving away their freedoms and rights; look it up and preach this info., even if I am Canadian, I wish for the best of interest for our Southern neighbor.
