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Wednesday, April 9, 2008

The Fed Should Be Reconstituted

Through a keyboard error, one has just lost at least a 2,000-word post on the Federal Reserve System, the conclusion of which was that the Fed is intrinsically anti-democratic and should be reconstituted as soon as possible, for that which is quasi-public is also quasi-private, and we have no know way of knowing which aspect predominates.

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