This really comes down to a central question - do you want politicians controlling our economy, or do you want professional economists? Let me rephrase that a little more - do you want someone like George W Bush controlling the economy, or Ben Bernanke?

The major advantage of the US Central Bank is that it's run by people who aren't politicians. Think about the common politician - they tend to be panderers who will say anything to anyone in order to get their vote (picture Hillary Clinton here). They think about only themselves when making decisions, and how they can stay in power until the next election. Their entire existence centers around fund-raising and winning elections, not helping Americans and economy.

The above being said, many economic decisions involve long-term decisions that could take months, years, even decades to take effect. Do you really think your average politician would make a decision that could take a decade to take hold, or would they quickly jump to the quick fix that makes them look good before the next election? (obvious answer here)

Further, as an example, look back over the past 30 years at what our politicians' financial decisions have brought to our country, including such memorable decisions as Reagan's deficit spending, Bush's tax increases and deficit spending, and W Bush's deficit spending. The Fed is really the only recourse we have against politicians and their decisions about our economy.

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