4 May 2016 - money-financed

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Forward-Looking Statement

Helicopter drops, according to Ben Bernanke, are a money-financed fiscal program. Of course “money” means money, “finance” means money, and “fiscal” means money, while “program” means doing stuff, so the whole phrase means “doing stuff with money.” Elon Musk’s plan to land a fire-breathing Red Dragon on Mars is also a money-financed fiscal program, with the key visionary difference that the money goes up instead of down.

clue:

What tools does the Fed have left? Part 3: Helicopter money

take oh take this clue away

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