Mises Wire
Author:
Mark Thornton
Online Publish Date:
Professor Bernanke is giving his testimony to Congress. Blah...Blah...Blah. Here are some interesting graphs from the Fed itself. They have to do with Bennie’s new monetary “rule” of force feeding “liquidity” into the marketplace. It seems that banks were reluctant to use the Discount Window to borrow reserves because it would be a sign of