Buchanan has it right
Edward Luttwak, 9 May 1996
“... narrow but important ways, Americans who voted for Bush, Perot or Clinton in 1992, and then for Newt Gingrich in 1994, are actually governed by Alan Greenspan, Chairman of the Federal Reserve, just as Germans are governed by the Bundesbank, Japanese by the Nihon Ginko and so on. Two generations ago, their predecessors compounded the third-phase natural ... ”