I am afraid you are asking for the impossible. When folks talk about reforming the Fed they are talking about changing something so bound to our way of life -- the notion of governance and administration. It goes way beyond the Fed. Any changes we could make, without changing the entire system, would only lead to other faults imho.
I am always reminded of this famous parable when I think about reform of governing bodies:
Once upon a time, a turtle rested by a riverbank, getting ready to swim across the river, when a snake slithered by. The snake said, "How about giving me a ride on your back so that I can get across the river?" The turtle replied, "No way! You'll bite me on the neck, inject your venom, and I'll die."
The snake said, "Look, man. That doesn't make any sense. If I were to bite you, you'd drown and since I'm on your back and I can't swim, I'd die too." The turtle thought about this for a few moments. "OK," he said, "climb on and we'll head over."
Halfway across the river, the turtle felt something move, and then experienced a searing pain as the snake's venom coursed into his exposed neck. As his life ebbed away and both he and his passenger were about to be swept under the raging current, the turtle involuntarily rolled over and, with his final breath, asked "Why? Why did you bite me? Now we're BOTH going to die!"
The snake looked at the turtle without remorse. "Look, man. I'm a snake. IT'S MY NATURE." |
