Tag: episode_1648

INFLUENTIAL ECONOMIST PAUL MCCULLEY ON THE LASTING NECESSITY OF RECORD MONETARY & FISCAL STIMULUS

Central banks and governments around the world are pulling out all the stops to replace income lost from COVID-19 shutdowns, including as we have seen in the United States direct payments to individuals.

We are devoting a WEALTHTRACK podcast this week to “Helicopter Money”, a concept coined by Nobel Prize-winning economist Milton Friedman who theorized that as a last resort in a deflationary depression the government could drop dollar bills from a helicopter for people to pick up and spend to “shock it out of a deep slump” with the “aim of boosting demand and inflation.”
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