With democracy being one of the messiest and least efficient forms of decision making known to man, Barclays notes that helicopter money could be a tool to break the gridlock. But a central bank taking such action to usurp the authority of elected leaders “in major currency areas that concern us” is unlikely, as the bank opposes the concept and has been among a growing library of research on the topic. Stimulus invests in bonds while helicopter money is being discussed to target infrastructure The primary difference between central bank “stimulus,” and affectionate term, and the more crudely presented “helicopter money,”…
Barclays Talks Down Helicopter Money
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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