Democracy must be built through open societies that share information. When there is information, there is enlightenment. When there is debate, there are solutions. When there is no sharing of power, no rule of law, no accountability, there is abuse, corruption, subjugation and indignation.
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.
If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.
Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.
It amazes me that parents are allowed to raise kids. There's so much power and often very little accountability.
Where civil society thrives, governments operate with more transparency and accountability. This creates a tangible impact on the lives of everyday citizens.
Capitalism requires individual responsibility and accountability. People are seen as atomized units in a capitalist system - they are either useful, or they are not. They are not seen racially or ethnically or religiously. They consume and they produce, and those are their only relevant characteristics.
The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.
I support accountability.
