Bill Bonner: Here Come the Money Helicopters

Bill-Bonner2

“Bypassing the banks, they will put their newly digitized money directly into the hands of the people whose votes they need to buy. This kind of flagrant money creation is becoming intellectually respectable, as a kind of final solution to the problem of insufficient demand.  Martin Wolf, the influential chief economics commentator at the Financial Times, has already suggested it publicly. Now, here comes an article in Foreign Affairs magazine titled: ‘Print Less and Transfer More: Why Central Banks Should Give Money directly to the People.’  Recognizing that QE and ZIRP are not making it to the top of the charts, the establishment is getting behind more direct inflationary measures.”

http://bonnerandpartners.com/come-money-helicopters-debt/

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