However constitutionally flawed the Federal Reserve is, the central bank’s independence has proven time and time again to lead to a pragmatic decision-making body, at least relative to the chaos coming from Congress and the White House. And while we already know that politicians would happily manipulate America’s money supply for electoral gain if they succeed in wresting control from the Fed, the latest Senate Banking Committee hearing proves just how reckless the members of the world’s (supposedly) greatest deliberative body are when it comes to questions of monetary policy.