What The Fed Should Have Done...But Didn‘t.

<p>In the 1947 version of the movie Miracle On 34th Street, veteran character actor William Frawley plays one of his best roles. </p> <p>He's a crusty old Ward Boss. A part I'll bet came naturally. And he's the political adviser to the Judge. </p> <p>Now in the movie, Santa, or at least the character who plays Santa at Macy's is on trial to determine if he is the real Santa Clause, or not.</p>