David Rosenberg: Fed will embrace ‘helicopter money’ in the next few years
“Bottom line: Whatever the Fed might add to its balance sheet in the next round of stimulus, if history is any guide, it likely won’t have much of an impact. Which is why Rosenstein ‘firmly expects’ the central bank to engage in outright monetization ‘in the next couple of years.’ Even before MMT started gaining all of this political momentum, the Fed and Ben Bernanke had been dropping a trail of breadcrumbs to lead us to the idea that outright monetization wasn’t out of the realm of possibility.”
USAGOLD note: Gluskin Sheff’s David Rosenberg has a few well-thought out ideas where we go next with Fed monetary policy at the link above.
Repost from 4-8-2019