The common image of “Helicopter money” evokes “pictures of a 100 trillion Zimbabwean dollar note that once bought two loaves of bread,” a Deutsche Bank report noted. Compare this to the term “Quantitative easing,” which sounds like “an austere word, well-suited” for today’s modern economy. Quantitative easing is “surely something infinitely more responsible” than shoot from the hip “helicopter money.” That impression is wrong, very wrong, Deutsche Bank Macro Strategist Alan Ruskin says. It is the “Helicopter money” that is responsible in its surgical approach and QE that is random in its end result targeting, ineffective a boosting the real economy…
Deutsche Bank: "Helicopter Money" Misunderstood, Better Than QE
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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