Ellen Brown — Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

Ellen comments on the Mark Blyth and Eric Lonergan article on actual helicopter drops published in Foreign Affairs (posted here at MNE last week). 

If you haven't read it in its entirety, it's worthwhile. Even if you have, since its appearance a long comments section has been generated in which Eric Lonergan addresses multiple objections.

It's a serious proposal for central banks adopting fiscal policy to complement monetary policy, since the latter has shown itself to be ineffective.

While I am reticent to see a small cohort of unelected and unaccountable bureaucrats invested with even more political and economic power, this may be the only practical alternative to permanent gridlock in legislatures.

However, even this has similar limitations, since if it were tried, TPTB would soon capture the appointment process to ensure that only cronies were appointed and helicopter drops were directed at them.

So I don't see this as a viable alternative to democratic process in the long run, even though it might provide a short term fix.

Web of Debt
Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street
Ellen Brown