Sigh.

The latest page stolen from Atlas Shrugged.

We are neck deep in this centrally planned command and control 'The Economy' running mess.

excerpt from wsj:

By Paul H. Kupiec Sept. 28, 2014 7:01 p.m. ET 50 COMMENTS

Stanley Fischer, vice chairman of the Federal Reserve, has been tapped to head the Fed's new financial stability committee. In recent speeches both Mr. Fischer and Fed Chair Janet Yellen have argued that so-called macroprudential regulation can prevent asset bubbles from erupting while the Fed maintains near-zero interest rates. There is not much evidence that these policies prevent financial bubbles. But there is great risk in allowing a small group of unelected technocrats to determine the allocation of credit in the U.S. economy.

Macroprudential regulation, macro-pru for short, is the newest regulatory fad. It refers to policies that raise and lower regulatory requirements for financial institutions in an attempt to control their lending to prevent financial bubbles.