Taxation is a form of central management.
But it is democratic. We elect the people who raise our taxes.
The fed can do anything it wants at any time and I do not even get to vote for them.
Your cult leader doesn't like the Fed because they won't turn up the fire before an election. Give "democratic" control and you'll get an inflation spike after every election. We need people at the helm who look to the long term, not just the next election. Compare Warren Buffet to Wall Street to see the difference.
Who is my cult leader? Trump or Ron Paul? Trump has never advocated getting rid of the fed that is what Ron Paul wants.
But more importantly, I can agree with Ron Paul without becoming in a cult. We just don't want a fed in the first place because we know there wasn't one before 1913. It was a bad solution to a non problem at that time that did no good at all stopping the great depression. So without having a fed in the first place your arguing we want it to be "democratically controlled" makes no sense at all.