The Federal Reserve's election tampering

The Federal Reserve's election tampering

(so easy, so funny!)

"While Burns was advocating fighting inflation with price controls and an income policy, he also was using the Fed’s assigned ammunition to stimulate the economy. Tape recordings from President Nixon’s office reveal a sustained effort by administration officials to pressure Burns to stimulate the economy with low interest rates by gunning the money supply right up to the November 1972 election. Although administration officials were not always satisfied, and Burns may have acted solely on his own best judgment, the record is clear. The Burns Fed accelerated the growth of the money supply before the election and slammed on the brakes after the election."

Deception and Abuse at the FED, by Robert D. Auerbach, University of Texas Press, 2008, page 16