The Helicopter Has Already Been Tested – And It Failed Spectacularly
by Jeffrey Snider via Alhambra Investment Partners
ZeroHedge.com
Jul 20, 2016
Most of what passes for modern monetary policy is nothing more than one assumption piled upon another (and then another, and so on). Taken for granted for so long, rarely are these unproven precepts ever challenged to justify themselves to the minimal standard of internal consistency, let alone prove discrete validity by parts. The latest is “helicopter money”, another sham in a long line of them proffered by at least one central bank today because it knows, as the others, nothing they have done has worked.
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