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The Illegal Actions Of The Federal Reserve: An Analysis Of How The Nation’S Central Bank Has Acted Outside The Law In Responding To The Current Financial Crisis, Chad Emerson
Chad Emerson
Abstract
The Illegal Actions of the Federal Reserve:
An Analysis of How the Nation’s Central Bank Has Acted Outside the Law in Responding to the Current Financial Crisis
In the Spring of 2008, the United States Federal Reserve Bank, under the Chairmanship of Ben Bernanke, took emergency measures in an attempt to forestall a national, if not international, economic meltdown. The actual effectiveness of these unprecedented measures has been hotly-debated. Unfortunately, regardless of their efficacy, the Federal Reserve acted outside the scope of its legal authority in taking several of these actions.
This essay will analyze how the Federal Reserve …