{"id":19082,"date":"2016-03-23T13:07:44","date_gmt":"2016-03-23T18:07:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19082"},"modified":"2016-03-23T13:08:05","modified_gmt":"2016-03-23T18:08:05","slug":"helicopter-money-global-central-banks-consider-distributing-money-directly-to-the-people","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19082","title":{"rendered":"Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People"},"content":{"rendered":"
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Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People<\/a><\/h3>\n<\/div>\n
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\"Helicopters<\/a>Should central banks create money out of thin air and give it directly to governments and average citizens?\u00a0 If you can believe it, this is now under serious consideration.\u00a0 Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before.\u00a0 But despite these unprecedented measures, the global economy is still deeply struggling.\u00a0 This is particularly true in Japan,\u00a0in South America<\/a>, and\u00a0in Europe<\/a>.\u00a0 In fact, there are\u00a016 countries<\/a>\u00a0in Europe that are experiencing deflation right now.\u00a0 In a desperate attempt to spur economic activity, central banks in Europe and in Japan are playing around with negative interest rates, and so far they seem to only have had a limited effect.<\/p>\n

So as they rapidly run out of ammunition, global central bankers are now openly discussing something that might sound kind of crazy.\u00a0 According to\u00a0the Telegraph<\/a>, central banks are becoming increasingly open to employing a tactic known as \u201chelicopter money\u201d\u2026<\/p>\n

Faced with political intransigence,\u00a0central bankers are openly talking about the previously unthinkable: \u201chelicopter money\u201d<\/strong>.<\/p>\n

A catch-all term,\u00a0helicopter drops describe the process by which central banks can create money to transfer to the public or private sector to stimulate economic activity and spending<\/strong>.<\/p>\n

Long considered one of the last policymaking taboos, debate around the merits of helicopter money has gained traction in recent weeks.<\/p><\/blockquote>\n

Do you understand what is being said there?<\/p>\n

The idea is basically this \u2013 central banks would create money out of thin air and would just give it to national governments or ordinary citizens.<\/p>\n

So who would decide who gets the money?<\/p>\n

Well, they would.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People Should central banks create money out of thin air and give it directly to governments and average citizens?\u00a0 If you can believe it, this is now under serious consideration.\u00a0 Since 2008, global central banks have cut interest rates 637 times, they have injected […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3172,63,3832,124,13065,195,202,6431,5133,5983,6061,317,6126,5981,13066,431,452,4901,536,13067,13068,558,13069,662,7664,12453,13070],"class_list":["post-19082","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bankers","tag-banks","tag-central-bankers","tag-central-banks","tag-cut-interest-rates","tag-debt","tag-deflation","tag-economic","tag-economic-activity","tag-economiccollapseblog","tag-financial","tag-financial-system","tag-global-central-banks","tag-helicopter-money","tag-injected","tag-interest-rates","tag-japan","tag-michael-snyder","tag-money","tag-money-created","tag-money-created-out-of-thin-air","tag-negative-interest-rates","tag-printing-money","tag-quantitative-easing","tag-south-america","tag-the-global-economy","tag-the-global-financial-system"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19082"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19082\/revisions"}],"predecessor-version":[{"id":19084,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19082\/revisions\/19084"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}