Helicopter money is no panacea

Daily Reckoning/James Ricards

“The image of the Fed printing paper money, and dumping it from helicopters to consumers waiting below who scoop it up and start spending is a popular, but not very informative way to describe helicopter money. In reality, helicopter money is the coordination of fiscal policy and monetary policy in a way designed to provide stimulus to a weak economy and to fight deflation.”

USAGOLD note:  Some say helicopter money is on its way.  By Rickards description – the beginnings of which are posted above – it may already be here.

Repost from 1-15-2020

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