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Tuesday, September 6, 2011

Bill Gross - ‘Helicopter Ben’ risks destroying credit creation

 

Bill Gross - ‘Helicopter Ben’ risks destroying credit creation
The concept of showering money over national economies to combat deflation has been an accepted principle of monetarism for decades. But for “Helicopter Ben” Bernanke, a chopper is not your average aeroplane, and the usual laws of aerodynamics do not necessarily apply in all cases
http://link.ft.com/r/5F39HH/4CZ2BL/D45D0H/B577TM/7A78ZX/RF/h?a1=2011&a2=9&a3=6

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