Discuss the merits and drawbacks associated with an independent central bank?

PLEASE CAN YOU MAKE SURE THE DISADVANTAGES ARE FROM THE SAME TOPICS AS THE ADVANTAGE SO THAT THEY RELATE. PLEASE INCLUDE NO POLITICAL INTERFERENCE LEADING TO PRICE STABILITY AS AN ADVANTAGE AND ANOTHER ADVANTAGE OF MONETIZATION OF DEBT THEN CHOSE ANOTHER ADVANTAGE OF YOUR CHOICE. THEN INCLUDE MONETARY POLICY WORKS BEST WITH FISCAL AS A DISADVANTAGE AND THEN CHOSE ANOTHER FEW. Where relevant support your arguments with economic theory and academic journal articles.

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