An abstract state is built on patriotism. And when patriotism becomes "the highest of all virtues and the source of all the remaining ones,” states can get away with almost anything.
We're told they're hawks now, but the Fed is still thinking the way it has thought for the entirety of the twelve years since 2009, when today’s QE experiment began.
The laws of economics are not suspended by bureaucrats' political interference, and prices do not respond to their dictates. Rather, economic chaos results.
