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.
The Federal Reserve should create a Hurricane crisis facility. Massive hurricanes are "unusual and exigent circumstances" and should be treated as such.
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
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.
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
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
Nathan Tankus covers his latest FOIA finding from the Federal Reserve regarding its response to Treasury debt ceiling struggles in 1968
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
Subscribe On March 16th 2023, the Thursday after Silicon Valley Bank Failed, I published a piece entitled “What's going on with Treasuries? Silicon Valley Bank and the incoherence of the Federal Reserve's (lack of) an interest rate policy this week.
Subscribe Long time and close readers of Notes on the Crises will be aware that I’m a Modern Monetary Theory (MMT) scholar. More than three years ago now I published written remarks of a talk I gave to a Federal Credit Union which
