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The risk of political abuse is huge, if David Yermack give the central bank this kind of power, the political safeguards would probably need to be much higher than currently in place for Federal Reserve.

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    Who said, "When a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully."?
    A Samuel Johnson
    B Roy Rogers
    C Queen Elizabeth II
    D John Wayne in "The Searchers"