“The Fed Has an Unlilmited Supply of Money”
March 23, 2020
So said Neel Kashkari, president of the Minneapolis Fed, on CBS “60 Minutes” last night. CashandCarry (er, I mean, Kashkari) is a banker who ran the corporate-welfare-for-failed-bankers program known as “TARP” in 2008-2009. At the beginning of his interview he said that the biggest mistake the Fed made during that time was that it did not inflate the currency enough.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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