“You won’t believe the idea that America’s quintessential foreign policy establishment organ is floating now. Or maybe you will. In its September/October issue, Foreign Affairs wanders away from the calamity of its interventionist foreign policy consensus to offer equally calamitous interventionist monetary advice. The publication offers a piece instructing the Federal Reserve to give the money it prints directly to the people. The Fed, according to this incompletely thought-out option, could generate consumer spending in this way, bypassing financial institutions like banks and employers altogether. It is an idea of Keynesian absurdity.”
http://www.moneyandmarkets.com/bernankes-helicopter-note-911-65405
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