Obviously we are not on the same end of the philosophical spectrum, because of course the market knows best. The market is the sum of invididuals' actions. No amount of geniuses sitting around a table can predict how each decision they take impacts people's lives. That's why Central Banks make stupid decisions. It's not that they are learning, it's the best they can do.

And Central Banks were supposed to be independent in the first place from political power, but we all know how that turned out.

Fair enough. I disagree with your position, but I can see that it is entirely consistent with your starting assumptions.