Originally at Project Syndicate. Reposted at CGTN.
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The helicopters are coming
Willem H. Buiter | former chief economist at Citigroup, now visiting professor at Columbia University
"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."
ReplyDeleteMMT doesnt say any of this... here we go again with the figurative language "helicopter money!"...
Dear Mr. Buiter,
ReplyDeleteYour "application of" MMT is rejected.
Have a nice day.
They are trained to synthesize not discriminate...
ReplyDeleteSo you see this moron trying to synthesize MMT with monetarism via his "Helicopter money!" figurative language...
Unqualified...
He lacks the proper understanding, thus there will be inaccuracies in his conceptual framework. Prior knowledge of monetarism would act as a hindrance.
ReplyDeleteFlying around in helicopters tapping on computers. Must be better ways.
ReplyDelete"Flying around in helicopters "
ReplyDeleteS, do you think people are LITERALLY doing that????
My point is that art degrees have nothing to do with a lack of understanding.
ReplyDeletePeople who write articles that disseminate misinformation are a problem.
A B-52 would be better than a helicopter...
ReplyDeleteS, do you think people are LITERALLY doing that????
ReplyDeleteYeah the government will be credit accounts from helicopters. And some will have printing presses too. Perhaps one or two will mint coins.