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PALO ALTO — Former Secretary of State George Shultz repeatedly stole the show last week at a Hoover Institution conference on central banking practices here, no time more decisively than when he pronounced a benediction on the conference dinner. The meeting, Frameworks for Central Banking n the Next Century, was organized by Stanford economist John Taylor as a counterweight to a similar session organized last year by the National Bureau of Economic Research to mark the hundredth anniversary of the creation of the US central bank, in 1912. The NBER meeting took for granted the role of the Fed in