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RE: Absolute Monetary Insanity: Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy
if the FED (and for those who do not know it: the FED is a PRIVATELY owned entity) hands it out for free, it confirms, what 8 years of near zero percent interest policy already hinted at: FIAT currency is almost without value. "Helicopter money" is the unspoken declaration of bankruptcy of the central banking system.
Well said. Everyone knows it, though few acknowledge this fact publicly.