I've got it!! I figured out a way to easily defuse Bernanke's argument that giving Congress the ability to audit any decision of the Fed whenever it wants could politicize monetary policy.
Just schedule the audits of the Fed on a set timeframe. Perhaps, release new audit results on a yearly basis, or every six months, or even every two years, depending on how much time the auditers require.
That way, the audits can't be used as a "political weapon," or whatever, and we still get the audit results we desire. Takes all the wind out of Bernanke's argument!
"Anticapitalist theories share in common an inability to take human nature as it is. Rather than analyzing man as a complex creature, anticapitalist theories tend to focus on what the theorist wishes man to be." - Isaac Morehouse
Wait until those audit results show the Fed is bailing out their buddies on Wall Street and buying all kinds of assets with newly created money. Oh wait, we already knew that!
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