[lbo-talk] the Fed as god [economics as religion redux]

[Eubulides]

The biggest financial crisis in a generation — a downturn that
officials at the Federal Reserve acknowledged in minutes released
Tuesday might be "prolonged and severe" — is turning the traditionally
reserved and omniscient central bank into an institution that seems to
be in the throes of family therapy.
<http://www.nytimes.com/2008/04/09/business/09fomc.html>