Notes on the Crises
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Dec 5, 2024

“The First Cause of Stability of Our Currency is the Concentration Camp”: Central Banker Solidarity on the road to Hitler’s Czechoslovakian gold

“The First Cause of Stability of Our Currency is the Concentration Camp”: Central Banker Solidarity on the road to Hitler’s Czechoslovakian gold

Pavlos Roufos is a Greek political economist living in Berlin. He has a PhD in political science from Kassel University. He works on central banks, constitutional law and European integration from the 1920s to today, with a special emphasis on the Eurozone crisis. You

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Nov 25, 2024

SPECIAL ANNOUNCEMENT: Institutional Subscriptions are here! Get Your Academic Library or Business to Subscribe

SPECIAL ANNOUNCEMENT: Institutional Subscriptions are here! Get Your Academic Library or Business to Subscribe

Over the years I’ve gotten inquiries about taking on institutional subscriptions. Those requests have come from both academics and employees at for-profit businesses- Institutional subscriptions mean that a firm or a library would sign up on behalf of their employees, students or simply

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Nov 22, 2024

One Election Takeaway: Voters Hate Temporary Safety Nets

One Election Takeaway: Voters Hate Temporary Safety Nets

Announcement: I'm putting on an end of year sale. For just 55 dollars a year you can subscribe and receive premium pieces of Notes on the Crises. This also helps support the FOIA efforts I've been engaging- like the 30,

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Nov 19, 2024

Here Are the 30,000 Pages of Federal Reserve Board Meeting Minutes I Got Through FOIA. They Completely Rewrite Federal Reserve History.

Here Are the 30,000 Pages of Federal Reserve Board Meeting Minutes I Got Through FOIA. They Completely Rewrite Federal Reserve History.

For the past year and a half I’ve increasingly focused on using FOIA to scrutinize the Federal Reserve. Before I unveil the crown jewel of what I’ve accomplished so far, I think it's worth stepping back and saying why I’ve undertaken such a broad project.

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Oct 17, 2024

From Relic to Indispensable: How the Federal Reserve Nearly Gave Up Its Emergency Lending Powers in 1967

From Relic to Indispensable: How the Federal Reserve Nearly Gave Up Its Emergency Lending Powers in 1967

Perhaps the most shocking thing I have come across in the minutes is that the Federal Reserve very nearly got rid of its own emergency powers.

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Oct 9, 2024

The Fed Should Create a Hurricane Crisis Facility

The Fed Should Create a Hurricane Crisis Facility

The Federal Reserve should create a Hurricane crisis facility. Massive hurricanes are "unusual and exigent circumstances" and should be treated as such.

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Sep 24, 2024

Revealed: The Federal Reserve’s Secret 1973 Plan to Bailout the Saving & Loan Industry That Very Nearly Happened

Revealed: The Federal Reserve’s Secret 1973 Plan to Bailout the Saving & Loan Industry That Very Nearly Happened

An update on my major project of the moment: launching my 30,000 page database of FOIA minutes. All of the minutes have been uploaded to my website, but generating an accessible and searchable database of these pdf files has taken significantly longer than

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Jul 25, 2024

The New York Federal Reserve’s “Doomsday Book” Has Been (Partially) Revealed

The New York Federal Reserve’s “Doomsday Book”  Has Been (Partially) Revealed

Yet, as successful as I have been at using FOIA regarding the Federal Reserve, I didn’t have the biggest Freedom of Information victory against the Federal Reserve System in 2023 (that had to wait for this year). Not by a long shot.

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Feb 6, 2024

Revealed: The Seven Secret Federal Reserve Books I Won Through FOIA

Revealed: The Seven Secret Federal Reserve Books I Won Through FOIA

Nathan Tankus reveals seven secret books authored by a very important Federal Reserve general counsel that he unearthed through a Freedom of Information Act request

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Jan 16, 2024

Paul Volcker’s Secret December 1973 Phone Call to Fed Chairman Arthur Burns Revealed

Paul Volcker’s Secret December 1973 Phone Call to Fed Chairman Arthur Burns Revealed

Nathan Tankus writes about a secret phone call between Paul Volcker and Federal Reserve Chairman Arthur Burns to save the Treasury from debt ceiling driven default

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Nov 28, 2023

More FOIA Findings: The New Nixon Administration’s Debt Ceiling Dilemma and the Federal Reserve’s Solutions

More FOIA Findings: The New Nixon Administration’s Debt Ceiling Dilemma and the Federal Reserve’s Solutions

Nathan Tankus covers his latest FOIA finding from the Federal Reserve regarding its response to Treasury debt ceiling struggles in 1968

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Nov 7, 2023

I Got the Fed to Release its 2011 “Treasury Default” Playbook. Here’s What it Says and Why it Matters.

I Got the Fed to Release its 2011 “Treasury Default” Playbook. Here’s What it Says and Why it Matters.

Subscribe Readers may recall that I wrote a Politico Op Ed at a critical moment in the debt ceiling showdown. That piece, was entitled “Biden Can Steamroll Republicans on the Debt Ceiling”, and I aimed squarely at debunking the idea that the Federal Reserve

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