Ask Bullwinkle J. Moose about the Federal Reserve’s recently disclosed $7.7 trillion in emergency loans to banks, and he would observe that sum is “antihistamine money. It ain’t nothing to sneeze at.” He would be right; $7.7 trillion is a…
Federal Reserve Data
The following data was referenced in a Real World Economics column regarding the $7.7 billion in Federal Reserve lending in the 2008-2010 period, which appeared in the Saint Paul Pioneer Press on December 1, 2011. Table h3hist6 list all borrowing…
All Fed Reserve boards are not created equal
Do regional bank directors, such as the president of the New York Fed, have any power in a financial crisis? And what does it mean when the media describe presidential candidate Herman Cain as having “served on the Federal Reserve…
Some anti-government, anti-tax rants trivialize meaning of liberty
Despite widespread disgruntlement and much pessimism about the direction of the nation, we in the United States still have much for which to give thanks this year. I personally am thankful for family, friends, health and that all the material…