Just how powerless is the Fed, hypothetically?

Ilargi: If I were to name my favorite writers on finance, Henry C K Liu would be right up there in the top 5. His articles are long, but that�s because he shares so much information. Kudos also go to the little known Asia Times, a truly high quality publication with gusto, which publishes much of his writings.That said, I seamlessly move into an area where I tend to hypothetically disagree with