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February 25, 2008

Comments

Andrew Feinberg

Thanks, I certainly appreciate the sentiment (and of course the link). Very kind words.

Beatriz

And to put it yet another way, it's not just patilicions who are being disempowered but citizens and for that matter, interest groups. The whole point of independent economic decision making is to remove decisions not just from pollies (superficially popular) but to insulate them from public pressure. Hence all the mystique of the independence of the Reserve Bank etc it has a deliberately narrowing effect on policy debate. Call me old fashioned, but I think democracy implies that we should be able to articulate a view and that there should be some responsiveness to broad debate and public opinion, not walling off policy wonkery from as much pressure as possible.

Renata

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