Saturday, March 28, 2020

The helicopters are coming — Willem H. Buiter


Originally at Project Syndicate. Reposted at CGTN.
CGTN (China Global Television Network), formerly known as CCTV-9 and CCTV News, is an international English-language news channel. A part of the China Global Television Network group, it is owned and operated by China Central Television (CCTV), the national media organization of China, under the control of the Publicity Department of the Communist Party of China. Wikipedia
CGTN
The helicopters are coming
Willem H. Buiter | former chief economist at Citigroup, now visiting professor at Columbia University

10 comments:

Matt Franko said...

"Much of the U.S. response will come in the form of "helicopter money," an application of Modern Monetary Theory (MMT) in which the central bank finances fiscal stimulus by purchasing government debt issued to finance tax cuts or public spending increases."

MMT doesnt say any of this... here we go again with the figurative language "helicopter money!"...

Peter Pan said...

Dear Mr. Buiter,

Your "application of" MMT is rejected.

Have a nice day.

Matt Franko said...

They are trained to synthesize not discriminate...

So you see this moron trying to synthesize MMT with monetarism via his "Helicopter money!" figurative language...

Unqualified...

Peter Pan said...

He lacks the proper understanding, thus there will be inaccuracies in his conceptual framework. Prior knowledge of monetarism would act as a hindrance.

S400 said...

Flying around in helicopters tapping on computers. Must be better ways.

Matt Franko said...

"He lacks the proper understanding'

No kidding!

so what? f-ck this guy...that's HIS problem...

I dont see your point...

this guy can get COVID and die world would be better off...

Matt Franko said...

"Flying around in helicopters "

S, do you think people are LITERALLY doing that????

Peter Pan said...

My point is that art degrees have nothing to do with a lack of understanding.

People who write articles that disseminate misinformation are a problem.

Peter Pan said...

A B-52 would be better than a helicopter...

S400 said...

S, do you think people are LITERALLY doing that????

Yeah the government will be credit accounts from helicopters. And some will have printing presses too. Perhaps one or two will mint coins.