FedSpeak (and the divine right of the rich)

Fed officials purposely speak in riddles. They claim it is necessary to stop people from profiting on inside information regarding Fed plans. But critics say "FedSpeak" mainly serves to confuse the public and mystify economics, keeping decisions exclusively in the hands of the financial elite.

"While time preference may appear to be relatively stable over history, perceptions of risk and uncertainty, which couple with time preference to create discount factors, obviously vary widely, as does liquidity preference, itself a function of uncertainty." 
- Alan Greenspan, 1999

"Do not meddle with the main points of government, for that is my craft . . . I will never give a plausible answer; for it is an undutiful part in subjects to press their King."
- King James I, on the Divine Right of Kings, 1609