Mods seem, to me at least, less of the internet police force that they are intended to be and more of an outlet for socially awkward individuals to anonymously hold (and later, abuse) power. I can't find any mods on this site, other than the site creators, and I think I like it this way. There's no arbitrary banning this way, and the "policing" is done by the community.
On the other hand, mods are useful for getting rid of scammers and hackers who could potentially endanger the community and the quality of the site. So I guess my real question is does Hubski need mods?