Sunday, October 2, 2016

Helicopter money vs UPS money

Uncle Milt used the helicopter analogy for a purpose, the rotor blades blow the cash to kingdom come and it has not reversible path.  Ihe helicopter can fly a random, unpredictable path.

Kasnosians propose UPS cash.  Everyone is ore-notified of the arrival, we all know who gets it, hence we all prepare to throw the liability right back at the  monopoly user of money, government.

The helicopter analogy is correct, the sample rate is way to slow, every 50 years. The cause is simple, government is both the monopoly enforcer of  money and also a member bank.  The  central bank reaction time is tuned to its largest member bank.  There is no monotenarian illusion or infinitely dividing out the debt.  None of that, there is only waiting until the Swamp decides to rebalance.

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