“Helicopter Money” Won’t Fix What’s Broken
by Charles Hugh-Smith via OfTwoMinds blog,
ZeroHedge.com
Jul 15, 2016
The mere mention of helicopter money has intoxicated global stock markets, which have soared on the rumor of Japanese helicopter money. But, central banks funding fiscal spending (i.e. helicopter money) will only have a weak and entirely indirect effect on profits or stock market valuations. The problem with helicopter money is that it cannot fix what’s broken in the economy – and even worse, it perpetuates every inefficient, corrupt, bloated and unsustainable system in the status quo.
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