>>True.
>>
>>It stinks though that these are picks for life and are based on whatever agenda the president who picks them has.
>
>Well they're usually pretty old when appointed and very few radicals stay as radical into their old age.
They are radically old when they start, set in their ways, and probably don't change much for the rest of their term.
Now if a president would just know in advance which of the guys would live another 30 years, to saddle next few presidents with them... :)
Which is altogether irrelevant. The actually important moves are made in IMF, Fed, Goldman et al. The rest is just a show.