<b>Letters:</b> Wielding power

If the institutions are allowed to wield power, they are either trivial or do not affect politicians

With reference to “RBI independence: The middle ground” (January 23), the author has summed up the issue of Reserve Bank of India’s (RBI) autonomy succinctly when he says that all humans are the same everywhere, and all humans desire arbitrary power.

Having said this, the ruling politicians irrespective of their affiliations to any party only want subservient monetary authority. They do not bother about the regulations and other issues coming in the way of enjoying a relationship with the monetary authority. They are willing to cede control on issues (monetary policy, bank licences) that do not matter to them. Demonetisation in