Since data from the Fed became available in 1959, when there is a Presidential election involving an incumbent from the same party as Fed chairman, the year on year Money Supply (as measured by real M2 per capita) increases each and every month by more than when there is no election or when there is no incumbent. By contrast, when there is a Prsidential election involving an incumbent from a party other than that of the Fed chairman, the year on year Money Supply decreases each and every month. I don't see how one can reach any conclusion other than that the Fed is meddling in Presidential Elections in a blatant and partisan way.
It's interesting, but I find it a bit hard to believe that every Fed chairman since 1959 have been in on this (and has never fingered a previous chair for their nefarious deeds). Maybe it's subconscious....
No comments:
Post a Comment