Helicopter Money – The Biggest Fed Power Grab Yet
by David Stockman via Contra Corner blog,
ZeroHedge.com
Jul 14, 2016
The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging – albeit downunder in Australia – the next step in the Fed’s rolling coup d’ etat…“So it’s my view that [helicopter money] would be sort of the next step if we ever found ourselves in a situation where we wanted to be more accommodative.” It’s the ultimate in ‘something for nothing’ economics.
The Rest…HERE
