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Gresham's Law
Contrarian Insights into Markets & Political Economy

Charting the Federal Reserve’s Assets – 1915 to 2012
Feb 13, 2012

Here we present a history of the Fed in charts. As you’ll surely glean from the below — the Fed has degenerated from a by and large passive institution (dealing only in high-quality self-liquidating commercial paper and gold) to an active pursuant of junk, an enabler of wars, a ‘benevolent’ combatant of the depressions of its own creation, a central planner of employment & prices and of course a forgiving friend to inconvenient market follies.

Click here for the charts