This is interesting. It isn't exactly a fake interview; more a synthetic interview created by using his recorded statements in speeches as answers, and "asking" questions to focus us on just what is really being said here.
One thing for sure, the Fed and likely the administration believe this fully. It may even be true. I say "may", not about the existence of the Fed Put witch obviously does exist; but it may even be true that it will continue to work in spite of the moral hazard that this creates. If so, we should eventually get PEs of 100+, just like that idiot back in 1999 predicted. Also long term interest rates of 1% or less, like our eastern brothers in Japan.
We can sell the books of Ludwig von Mises and Frederich Hayek as mere historical curiosities. Same with the much more recent work of Hyman Minsky.
Twaddle, thanks for posting this.
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams