The Federal Reserve glowers under a cloudy and moon-lit sky, ruminating monetary policy in pursuit of stable prices and maximum employment. It takes its guidance not from the government or the electorate, but from where -- Planet Keynes? Planet Hayek? Visitors from the Friedman solar system? It is not for us to know. Mysterious authority, unseen influence, strange wisdom. Reversed: Pay no attention to the man behind the curtain.
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