“There is an infinite amount of cash in the Federal Reserve.” – Neel Kashkari, President of the Federal Reserve Bank of Minneapolis

March 22, 2020

When a regional Fed President brags in March about having “an infinite amount of cash,” he toxically undermines the American virtue of thrift, dangerously decouples risk-taking from the consequences of risk-taking, and epitomizes the influence of absolute, centralized power.

All of this is anti-American.