Helicopter Money

‘‘Central-bank balance sheets have swelled, and policy rates have reached their “near zero” lower bounds. There is plenty of cheap water, it seems, but the horse refuses to drink…policymakers have one more option: a shift to “purer” fiscal policy, in which they directly finance government spending by printing money – a so-called “helicopter drop…The new money would bypass the financial and corporate sectors and go straight to the thirstiest horses: middle- and lower-income consumers directly, and through investment in job-creating, productivity-increasing infrastructure.’’ – Kemal Dervis

Banks and Digitalisation

Banks are creating inequality and unable to handle financial crises. They must be responsible to handle any kind of financial crisis and inequality too in line with technological advancement and digitalization. @INCOMESCO