Now that the The Federal Reserve genie has been released from the bottle (thank you Ron Paul) it has a hard time dealing with all the light that is shined upon it. How much easier it was to hide in the darkness. These days, regular people know who Ben Bernanke and Janet Yellen are. They may not fully understand exactly what they do, but they’ve heard the names, and can associate them with things like “print money”. What a huge first step.

 

The central planners must now compete in winning the war of ideas. The genie cannot go back into the bottle, so maintaining a control on what ideas dominate is the battle that the planners have been forced to fight.