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Before seeing the ridiculous regulatory board, I came across this very interesting article. While noting the Fed has done little to help 'unemployment' (Even if this is a good way to measure the health of the economy) he still seems to feel like the Fed has supernatural powers to just save the economy. Very unsettling for an advocate of liberty. http://www.washingtonpost.com/business/economy/federal-reserve-to-disclose-more-details-on-plans-for-low-interest-rates/2012/01/23/gIQAp2BHMQ_story.html