Deutsche Bank: "Helicopter Money" Misunderstood, Better Than QE

The common image of “Helicopter money” evokes “pictures of a 100 trillion Zimbabwean dollar note that once bought two loaves of bread,” a Deutsche Bank report noted. Compare this to the term “Quantitative easing,” which sounds like “an austere word, well-suited” for today’s modern economy. Quantitative easing is “surely something infinitely more responsible” than shoot from the hip “helicopter money.” That impression is wrong, very wrong, Deutsche Bank Macro Strategist Alan Ruskin says. It is the “Helicopter money” that is responsible in its surgical approach and QE that is random in its end result targeting, ineffective a boosting the real economy…