Regarding George F. Will’s Nov. 18 op-ed column, “Regulators above the law”:

Mr. Will’s support for “judicial dismantling” of the Consumer Financial Protection Bureau (CFPB) suggests an unwillingness to recognize an imperative that once resulted, to the nation’s great benefit, in the creation in 1913 of the bureau’s parent organization, the Federal Reserve System, as an entity likewise independent of Congress. No such organization can function in the shadow of a Congress that would hound it to impotence with every conceivable objection.

The independence of the Federal Reserve is one of the major reasons for the growing economic recovery, despite nearly four years of political hindrance by the House. The CFPB is under the umbrella of the Fed to ensure the same independence from politics. It should hire the best and most energetic minds as a means of achieving its ends, minds that could easily command superior remuneration in the private sector.

It should be no surprise to anyone that the bureau raises such widespread opposition, as there are many reasons for some to object: the absence of control and influence by Congress, for example, as well as the threat of exposure, feared by those who have consistently taken advantage of the ill-informed.

It is an unfortunate indictment of the country’s capitalistic foundation that the creation of the Consumer Financial Protection Bureau and its placement beyond the control and influence of Congress should even be necessary, let alone the only way its effectiveness can be assured.

Joseph Maile, Fairfax