From Gresham's Law:
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 and prices, and of course, a...
Read full article (with charts)...
More on the Fed:
A simple and powerful argument to end the Federal Reserve immediately
New report reveals Federal Reserve president owns millions in gold and platinum
Gov't OUTRAGE: Federal Reserve president denies inflation, but secretly owns millions in inflation hedges