Burton Abrams

I think his lowering the discount rate is a capitulation to Nixon.

I think his lowering the discount rate is a capitulation to Nixon.

I think his lowering the discount rate is a capitulation to Nixon.

Both the discount rate and the federal funds rate now begin their decline. Exactly what Nixon had hoped for and wanted.

Both the discount rate and the federal funds rate now begin their decline. Exactly what Nixon had hoped for and wanted.

Both the discount rate and the federal funds rate now begin their decline. Exactly what Nixon had hoped for and wanted.

No, he was a person that really wanted to do a good job with monetary policy. But he was being pressured by Nixon. Nixon wanted Burns to be afraid that he was going to lose control of his board. So now all of a sudden Burns is worried that he is the odd man out.

No, he was a person that really wanted to do a good job with monetary policy. But he was being pressured by Nixon. Nixon wanted Burns to be afraid that he was going to lose control of his board. So now all of a sudden Burns is worried that he is the odd man out.

No, he was a person that really wanted to do a good job with monetary policy. But he was being pressured by Nixon. Nixon wanted Burns to be afraid that he was going to lose control of his board. So now all of a sudden Burns is worried that he is the odd man out.

They're fixated on the election. They need a strong economy. And they're kind of panicking that Burns hasn't given it to them. Burns has done the things they want. Like, what do they want exactly? Well, he was trying to parcel out a bit of benefit, but hadn't taken the full step yet.

They're fixated on the election. They need a strong economy. And they're kind of panicking that Burns hasn't given it to them. Burns has done the things they want. Like, what do they want exactly? Well, he was trying to parcel out a bit of benefit, but hadn't taken the full step yet.

They're fixated on the election. They need a strong economy. And they're kind of panicking that Burns hasn't given it to them. Burns has done the things they want. Like, what do they want exactly? Well, he was trying to parcel out a bit of benefit, but hadn't taken the full step yet.

Nixon actually tells them, well, okay, by April, you can do whatever you want and you can reverse yourself. Try to reverse the expansionary policies in April and try to offset any damage that is done in the lead up to the election.

Nixon actually tells them, well, okay, by April, you can do whatever you want and you can reverse yourself. Try to reverse the expansionary policies in April and try to offset any damage that is done in the lead up to the election.

Nixon actually tells them, well, okay, by April, you can do whatever you want and you can reverse yourself. Try to reverse the expansionary policies in April and try to offset any damage that is done in the lead up to the election.

Well, I'm disappointed in Arthur Burns. Unfortunately, as soon as Nixon was reelected, he started looking at the next two-year election coming. And so I kept the pressure on. He could not be stopped.

Well, I'm disappointed in Arthur Burns. Unfortunately, as soon as Nixon was reelected, he started looking at the next two-year election coming. And so I kept the pressure on. He could not be stopped.

Well, I'm disappointed in Arthur Burns. Unfortunately, as soon as Nixon was reelected, he started looking at the next two-year election coming. And so I kept the pressure on. He could not be stopped.

You know, it's a little bizarre because, you know, he won in a landslide in the election. But anyway, I think we could have avoided the 10 years of problems.

You know, it's a little bizarre because, you know, he won in a landslide in the election. But anyway, I think we could have avoided the 10 years of problems.