There is nothing wrong with emergency helicopter money for the population

Mar 17, 2020, 4:53 PM

There is nothing wrong with emergency helicopter money for the population. what you DON”T want is a worldwide recalculation (meaning rediscoverty) of the pricing structures of production. We don’t think in those terms, but THOSE ARE THE TERMS THAT MATTER. What we haven’t gotten past is the illusion that money is other than promise of time. We will need to nationalize consumer credit and liquidity in order to reverse the distribution of demand upward rather than downward through a banking system that no longer has any value – because money isn’t commodity money any longer. It’s entirely promises.