What if the Fed and the TSA switched roles?
Emanuel Derman speculates what would happen if the Federal Reserve and the TSA switched roles.If a bank failed at 9 a.m. one morning and shut its doors, the TSA would announce that all banks henceforth begin their business day at 10 a.m.And, if a terrorist managed to get on board a plane between Stockholm and Washington, the Fed would increase the number of flights between the cities.
(Via Marginal Revolution)
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