What is this, some kind of PR stunt? There is only a finite amount of cash in the system, and equities are not purchased with T-Bill’s, they are purchased with Federal Reserve promissory notes, so that statement is absolutely outrageous..
None of this is rocket science either, and as the President of the Minneapolis Federal Reserve, he of all people should know this better than anybody.
Is it time to flag this man as a potential purveyor of fake news? Will Mark Zuckerberg and his “third party fact-checkers” deboost Neel Kashkari for spreading false rumors? Remember everybody, if he or his soon to be created Independent Advisory Board thinks what you are saying is untrue, your opinion will not be allowed on Facebook; a platform that accounts for 67% of social media referrals worldwide.
Are you starting to understand the doubled standard yet? Only they are allowed to lie.
1984 isn’t coming folks, it is already here.