E Saving The Economy: NGDP Targeting For The People

We face the threat of an expanded Fed balance sheet, zero lower bound in the next downturn, and the inequality of wealth, seemingly ever increasing.

Therefore, some sort of Helicopter Money will simply have to be considered as a means to evening out the money supply over time.



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Disclaimer: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment advice. The ...

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Norman Mogil 3 years ago Contributor's comment

I bet if Milton Friedman were here today, he would advocate a squad of helicopters fly over the world dropping money of every kind in every country. The issue is whether this would lead to greater spending or greater savings.?

Gary Anderson 3 years ago Author's comment

Well, it would be money dropped to those who would likely spend it, prof. If people saved that would impact the money supply differently so Beckworth's plan could provide an ongoing remedy.