Monday, August 3, 2020

Fed Official Calls for Shutdown of the Entire Economy

Neel  Kashkari, president of the Minneapolis Federal Reserve Bank, told CBS' "Face the Nation" that the U.S. economy could benefit if the nation were to "lockdown really hard" for four to six weeks to battle COVID-19

How nuts can you get?

Doesn't Kashkari understand that hiding from the virus means hiding until a vaccine is developed---which could be hiding forever? There are plenty of coronaviruses where successful vaccines have never been developed.

Kashkari argued:
If we don't do that [lockdown the country] and we just have this raging virus spreading throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we're going to see many, many more business bankruptcies.
But a four-to-six weeks lockdown isn't going to do a damn thing. After the lockdown, the virus will flare again.

The only sane thing to do is to open up the entire country, free of all lockdowns, no mask-wearing, warn those who are particularly susceptible to the virus and those who are traumatized by the virus to go into lockdown mode until the rest of the population develops herd immunity.

This is not complicated.

I have always classified  Kashkari as the lead confused monetary policy official within a group of irresponsible money printing quacks.

Now he has expanded his area of bizarre comments. They are no longer limited to monetary policy, which he seemingly doesn't understand at all, to coronavirus science where he has apparently the same inability to think through the many permutations of policy actions.

And this is to say nothing about the many businesses that are on the edge as things and have no chance of surviving another lockdown. Kashkari, of course, thinks the Fed can print money out of thin air and that will solve everything. This thinking is more of Kashkari's inability to think deep. It is production not money printing that grows an economy. Shutting down the entire economy and just printing money is remarkably irresponsible.



  1. Make hydroxachloraquin available for sale over the counter and this B-19 is all over.
    70 years of safety, now suddenly not being approved. The total BS.
    These people saying shit like this are clearly traitors guilty of treason.

  2. It's possible that he knows his prescription will not be adopted, but by putting it out there he moves less radical proposals more to the middle of the road as a result of widening one side, as I think Rothbard once put it.

  3. The preventatives for this virus appear to be the same ones which minimize regular colds and flu, vitamin D and Zicam/zinc. HCQ is a Zinc Ionophore which helps the zinc pass through the cell wall and interfere with virus replication. Some people think that the supplement Quercetin also works as a Zinc Ionophore. I bought 60 tablets of Quercetin at GNC for $7.99 and 25 tablets of Walmart's house brand of Zicam for $5.96.

  4. The HCQ cat is well out of the bag now.

    Imagine being seen as the last of the killer clowns.