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Quantitative easing is NOT helicopter money. HK is the first country that actually tried something like Helicopter money. 1500 US$ for each citizen. All the qu
by tiawav 7y ago
Quantitative easing is NOT helicopter money. HK is the first country that actually tried something like Helicopter money. 1500 US$ for each citizen.
All the quantitative easing has just brought us a giant bubble via asset price inflation. All I know, the bigger the bubble, the louder the blob. If central banks should do something, than finance entrepreneurship and start-ups, bring money to the people.
"It is very last measure as in that point you are basically admitting that capitalism has failed."
No, it has not. The boom-bust cycle is a feature of capitalism. Capitalism, call it a ponzi driven debt scheme, will only fail, if no further economic growth is possible anymore. This may be caused by energy limitations (wealth and growth are linked to Energy available) or other limiting things. Trust me, you don't want to go there. Some people call it seneca cliff.