bulb head and the rule of technopian wrecknocrats

"We have drawn the line in the wrong place, leaving too many policy decisions in the realm of politics and too few in the realm of technocracy. ... the argument for the Fed's independence applies just as forcefully to many other areas of government policy. Many policy decisions require complex technical judgments and have consequences that stretch into the distant future. Think of decisions on health policy (should we spend more on cancer or aids research?), tax policy (should we reduce taxes on capital gains?), or environmental policy (how should we cope with damage to the ozone layer?). Yet in such cases, elected politicians make the key decisions. Why should monetary policy be different? ... The justification for central bank independence is valid. Perhaps the model should be extended to other arenas. ... The tax system would surely be simpler, fairer, and more efficient if ... left to an independent technical body like the Federal Reserve rather than to congressional committees."