The short answer to this question is "no". Listen to this episode for details.
The Federal Reserve Bank (the "Fed") stands as an example of the collateral messiness, and the distortions, that inevitably accompany intelligent design projects. In this episode, Rik from Planet Vulcan explains why the Fed has always failed, and always will fail, in its mandate to stabilize prices; and why, rather than containing systemic risk, the Fed has itself been a major SOURCE of systemic risk.
