https://blogs.cfainstitute.org/investor/2015/09/07/how-will-negative-interest-rates-change-the-rules-of-the-game/
Helicopter Money. In former Federal Reserve chairman Ben Bernanke’s now-famous 2002 speech, he observed that deflation was impossible because modern central banks can create unlimited amounts of currency and, if necessary, drop it from helicopters.
“They’ve tried everything he mentioned in that speech — except the helicopter drop,” says Shepherd. “In practice, this would be a coordination between monetary and fiscal policy of the major countries. You cut taxes, create a fiscal deficit, and finance it with newly created money.” Tax refunds would be spent, money velocity would pick up, and inflation would rise to the 3% rate that makes current debt loads manageable, he predicts.
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I gotta laugh . . . beats crying.
Their vaunted 3% inflation rate is highway robbery.
Zim.
Mad Poet Strikes Again.
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