Citigroup Chief Economist Thinks Only “Helicopter Money” Can Save The World Now

Sunday, August 30, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/29/2015

Having recently explained (in great detail) why QE4 (and 5, 6 & 7) were inevitable (despite the protestations of all central planners, except for perhaps Kocharlakota – who never met an economy he didn’t want to throw free money at), we found it fascinating that no lessor purveyor of the status quo’s view of the world – Citigroup’s chief economist Willem Buiter – that a global recession is imminent and nothing but a major blast of fiscal spending financed by outright “helicopter” money from the central banks will avert the deepening crisis. Faced with China’s ‘Quantitative Tightening’, the economist who proclaimed “gold is a 6000-year old bubble” and cash should be banned, concludes ominously, “everybody will be adversely affected.”

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