Bernanke Won’t Come to Obama’s Rescue

Written by Gary North on June 19, 2012

It’s too late for the Federal Reserve to goose the economy upward in order to give Obama an edge in the November election. It turns out that the FED has not intervened often in the past to do anything to affect the outcome of a Presidential election. Arthur Burns probably did in 1972 to help […]

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Who Got the $77 Billion That the FED Earned in 2011?

Written by Gary North on March 22, 2012

The headline on MarkeWatch blared: Fed earns $77 billion from balance-sheet explosion. That got my attention. We learned the following: The Federal Reserve and its district banks earned the second-highest amount in its history last year as the central bank profited from increasing its balance sheet to boost the U.S. economy. The Federal Reserve and […]

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