Here comes the Fed…Hooray.
The definition of “helicopter money” appears to be shifting a bit. Generally it means pouring currency (printed by a central bank) into the economic system by directly depositing it into accounts. What type of accounts appears to be an open question. Whatever the Fed chooses (assuming that it does) it is a bad idea however.
How about we let rates adjust to where they should be naturally? How about we let things clear. How about we get real now,