They refuse to trust their guru, #MiltonFriedman. Helicopter money crosses that divide between the financial economy and the real economy. Base money for the people is a no brainier. I think the Fed knows this, but doesn't really care. It just does not care. It would rather risk the rise of people like #Trump than to share base money with the real economy.
Only #MiltonFriedman can fix this with his understanding of #HelicopterMoney. But of course, modern monetarists don't trust him like they should. He is gone, but he could have established a real stimulus.
Review 2011: The FOMC Begins A Debate That Should Have Been Instead Closing
They refuse to trust their guru, #MiltonFriedman. Helicopter money crosses that divide between the financial economy and the real economy. Base money for the people is a no brainier. I think the Fed knows this, but doesn't really care. It just does not care. It would rather risk the rise of people like #Trump than to share base money with the real economy.
Economic Stimulus Does Not Stimulate Economic Growth
Only #MiltonFriedman can fix this with his understanding of #HelicopterMoney. But of course, modern monetarists don't trust him like they should. He is gone, but he could have established a real stimulus.