Bundesbank President: “Helicopter Money Isn’t Manna Falling From Heaven”

from Zero Hedge

Not everyone was delighted by Mario Draghi’s decision on March 10 begin monetizing corporate bonds: chief among them was Bundesbank president Jens Weidmann whose opposition to unorthodox monetary policies is well known, and whose “Northern Block” was among those voting against the ECB’s QE expansion (Weidmann himself was not among those voting last week). Of course, complaining about it does not mean stopping it, and for three years now the “Germans” on the ECB council have complained loudly even as the ECB is on track to double its balance sheet in the next few years.

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