Bloomberg/Enda Curran and Ben Holland
“But right now, deflation is the big threat. An emerging consensus says the next downturn may need to be fought with direct and permanent injections of cash –- often called ‘helicopter money’’-– and that central banks can’t deliver it alone.”
USAGOLD note: The pressure is building from all quarters for the federal government and the central bank to collaborate on a policy of running even larger deficits and printing money to cover them – the only way, as some see it, to keep the economy from falling into the deflationary abyss.
Repost from 9-24-2019
from https://ift.tt/2nTtrJF
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