A quick note on “helicopter drops”

"Japan has been the king of “helicopter drops” under the money-financed government spending definition, but has never undertaken the sort of direct-to-household, unconditional transfers that Beckworth proposes. Beckworth is very clear that he supports heli drops precisely because “[f]iscal policy geared toward large government spending programs is likely to be rife with corruption, inefficient government planning, future distortionary taxes, and a ratcheting up of government intervention in the economy.” Direct, unconditional, uniform transfers to households are nearly immune to corruption and involve no increase in the degree to which government directs the use of real economic resources. (...) Japan’s fiscal policy, on the other hand, has been notorious for cronyism, and has directed oceans of sweat and concrete into infrastructure."

http://www.interfluidity.com/v2/4388.html

The Fed is not "printing money"

"The idea that the Fed is "printing money" with abandon, and that this is seriously debasing the U.S. dollar, is a fiction borne of ignorance of how monetary policy actually works. Fed policy may indeed pose the risk of serious debasement in the future, but to date there is little or no evidence to suggest that this has occurred."

http://scottgrannis.blogspot.com/2013/03/the-fed-is-not-printing-money.html

Polityka monetarna cd.

1) Dlaczego twierdzenie, że "luzowanie ilościowe" spowoduje hiperinflację jest nieprawdziwe:

http://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/ 

2) Zimne spojrzenie na korelację pomiędzy "drukowaniem", a wzrostami na giełdach, potwierdzone danymi o bilansach największych banków centralnych.

http://rafalhirsch.blogspot.com/2013/01/wzrosty-na-giedach-dodruk-pieniadza-w.html#more

3) Coś dla wytrwałych - krytyka Standardu Złota. Autor to niewątpliwy autorytet w swojej dziedzinie:

http://nationalinterest.org/article/critique-pure-gold-5741