tag:blogger.com,1999:blog-2761684730989137546.post6397684453070095627..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Ambrose Evans-Pritchard — HSBC fears world recession with no lifeboats leftmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-47333414221514569762015-05-25T04:15:41.995-04:002015-05-25T04:15:41.995-04:00“The last resort may have to be "helicopter m...“The last resort may have to be "helicopter money", a radically different form of QE that injects money directly into the veins of economy by funding government spending.”<br /><br />Jesus: the state might have to create fiat and spend it! Disaster. The result might be more people in work, and we can’t have that, can we children?<br /><br />But wait a moment - having government borrow and spend money and give bonds to its creditors with the central bank then printing money and buying those bonds (QE) comes to the same thing as the above dreaded “helicopter” option. So the above dreaded helicopter option has already been put into effect big time. This is the end of civilization as we know it..:-)<br /><br />HSBC would be much better off if it replaced its chief economist, Stephen King, with a chimpanzee.<br /><br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com