Friday, May 13, 2016

Beware Of The Chaos 
Of Helicopter Money
The Daily Bell references recent statements by the Indian Central Bank Governor Raghuram Rajan who says he has doubts that helicopter money can be successfuly if adopted by develped world policymakers .. "Rajan is surely correct about central bank helicopter money but as the head of India’s central bank, he is constrained from taking the next step in the dialogue. That would be to explain that central banks themselves are useless .. He’s correct about helicopter money. The reason it hasn’t been tried before is because it exposes, to a greater or lesser degree, the reality of central banking. Central banks create money from nothing .. If central bankers are intent on creating massive and mounting monetary frustration, they will offer helicopter money and speed the final dissolution of current, regional central banking system."
LINK HERE to the essay

1 comment:

Anonymous said...

In a place like india all people will do with it is buy gold ... which sorts of defeats the purpose. Coming to a country near you.