Why the G7 May Be Hastening Helicopter Money – Scott Minerd, Guggenheim Macro View Why the G7 May Be Hastening Helicopter Money May 26, 2016 Global CIO Commentary by Scott Minerd The G7 countries’ finance ministers recently ended their two-day meeting in Sendai, Japan, without an agreement on any economic policy issues, including those surrounding the recent sharp appreciation of the yen. The unwillingness of policymakers to address Japan’s fervent appeals for exchange rate intervention may inadvertently hasten the implementation of helicopter money by Japan and other industrialized nations. “Helicopter money”—named after Milton Friedman’s colorful metaphor for an increase…
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