[ExI] Bank of England

Rafal Smigrodzki rafal.smigrodzki at gmail.com
Sat Jun 20 14:44:11 UTC 2009

On Sat, Jun 20, 2009 at 5:23 AM, Stathis Papaioannou<stathisp at gmail.com> wrote:

> The democratic process has seen many countries install partly
> independent central banks, where you might think this is not in the
> interests of the politicians. If the population demands that their
> central bank's independence be rescinded, then it will be. And if the
> population demands a monarch or dictator, that will happen as well.
### Yeah, democracy is a stupid idea, about as stupid as the median
voter, I told you so.


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