Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy

They might as well get on with it then. If they want inflation, which they say they do, then start pumping money directly to consumers rather than banks.
 
They're already back on the road of pumping, even without helicopters.

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Martinghoul said:
Given the state of US infrastructure, helicopter money, if done the right way, wouldn't be the stupidest idea out there...
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Well, yes, I guess lining Americans up against a wall and machine gunning them would be worse, but short of that...........
 
It will be hailed as "QE for the people" .
Already i have read of a Hillary , 1st 100 day jobs/spending plan.
I dont think the fed would expand its balance sheet (temporary QE money)but I do think the world would gladly accept more debt/deficit spending at low rate , but , the politics of 20 trillion deficit may not score political points hence , the need for true "invisible", permanent, helicopter money expansion.
After all , in this race to the bottom, the US cant fall too far behind.
Dont laugh. I could see Clinton doing this.
 
fhl said:
Well, yes, I guess lining Americans up against a wall and machine gunning them would be worse, but short of that...........
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Americans are doing a pretty good job of this themselves already and don't need anyone's help, it seems.
 
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