QE for people / Helicopter money

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Paul SpringWe have never really had full utilization of resources (except maybe WWII). Even with low unemployment, many jobs are low quality and of low benefit to society. Injection of money into the economy through government spending for the public purpose is far superior to helicopter money. It creates j...

2 weeks ago
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Marco SabaThat the liability of the central bank is a fake liability is a well recognized fact among academics. Here: Seigniorage, W. Buiter, 2007: http://eprints.lse.ac.uk/19......

December 2016

RJif the UK Govt deficit spends itDEBIT ExpenseCREDIT ????????????????????If a bond is issued to either the market or the BoE = debtCREDIT Bonds issued (DEBT?)But what if a bond wasn't issued and the treasury just had a reserve overdraft at the BoE. That the treasury paid interest on. Is this really a...

November 2016

RJ"There can be no net savings"Only if you exclude Government bonds held by for example pension funds. And why would you do this. As you pointed out"The liability is measured by bonds in issue."Agree. But here is a point that many overlook. This can include Govt bonds held by the non bank sector. Or b...

November 2016
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