Beware of the Chaos of Helicopter Money


Beware of the Chaos of Helicopter Money

By Daily Bell Staff – May 11, 2016

Indian central bank governor says helicopter money no panacea … Indian Central Bank Governor Raghuram Rajan said on Tuesday that he had doubts “helicopter money”, or free cash given directly to citizens to stimulate growth, would be successful if adopted by developed world policymakers. -Reuters

Raghuram Rajan has come out against helicopter money and this is probably to be expected from India’s version of US central banker Paul Volcker.

Both men hiked interest rates hard to halt rapid price inflation. In Rajan’s case, the rupee was depreciating at 10 percent per year.

Now the rupee has stabilized and Rajan gets credit for monetary success and for working closely with India’s Ministry of Finance.

Rajan is surely correct about central bank helicopter money but as the head of…



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!