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"Manna From Heaven" & Free Money Known As "Helicopter Money"

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  • Reynolds
    Moderator
    • Oct 2018
    • 3004

    "Manna From Heaven" & Free Money Known As "Helicopter Money"

    Ever wonder why retirees here (Canada) get several paychecks aside from pensions. And every child in the country will now get up to $6,400.00 per year (tax free). It is believed that lack of demand results in low wages and unemployment, and is what ails the economy today. Economist Milton Friedman believed he had the answer.

    'Helicopter money' is money channeled directly from the central bank (federal reserve), to consumers and small business. You receive free electronic credit with no debt (no national debt?) created. This would increase public spending, therefore increasing demand. Even Bernie Sanders may be on board. And also the Fabian (Marxist) Society. They are listening. As are some European and African countries, New Zealand and the U.S.

    What is helicopter money? You won't believe this.






    Helicopter money is a reference to an idea made popular by the American economist Milton Friedman in 1969. In the now famous paper “The Optimum Quantity of Money”, Friedman included the following parable:
    Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community.
    The basic principle is that if a central bank wants to raise inflation and output in an economy that is running substantially below potential, one of the most effective tools would be simply to give everyone direct money transfers. In theory, people would see this as a permanent one-off expansion of the amount of money in circulation and would then start to spend more freely, increasing broader economic activity and pushing inflation back up to the central bank’s target.


    From that paper, other academics including former Federal Reserve Chair Ben Bernanke and economist Willem Buiter have developed the theory further. Bernanke raised the possibility for monetary-financed tax cuts, whereby a government could cut taxes in a slump with the central bank committing to purchasing government debt in order to prevent interest rates from rising.
  • Reynolds
    Moderator
    • Oct 2018
    • 3004

    #2
    Re: "Manna From Heaven" & Free Money Known As "Helicopter Money"




    I've posted this on a couple of White Forums and many still don't grasp the significance. I see it as a form of "redistribution of wealth". Welfare, aid, assistance or helicopter money - it's all free money. Thanks to the Jew. In the link is an interesting story of Dauphne, Manitoba with a "guaranteed annual income" scheme. It was too good to be true, "until they ran out of money".



    Comment

    • Reynolds
      Moderator
      • Oct 2018
      • 3004

      #3
      Re: "Manna From Heaven" & Free Money Known As "Helicopter Money"

      On the link was mentioned Dauphne, Manitoba where the first "guaranteed annual income" scheme took place. And would you turn down thousands of dollars free?

      “Some people thought it was like charity,” Richardson said about Mincome “It wasn’t really charity, it was need.”

      Yeah right. So if I steal your car, it's not theft, it's need!


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