The Fed Simulator Accidentally Tells the Truth There’s a new video game where you get to play Federal Reserve Chair. You adjust the federal funds rate. You tweak the discount window. You run open market operations. You make forward guidance announcements to protect “Fed credibility.” Inflation. Unemployment. GDP. Stock market. Bank stress. You sit at the big desk and pretend you’re steering the largest economy on earth. And no matter what you do? The crashes still hit. 1929 still collapses. The Great Depression still detonates. Recessions still arrive like clockwork. That’s not just lazy programming. That’s the quiet admission. The Illusion of Control The entire premise of modern monetary policy rests on one seductive idea: That a handful of unelected…

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