by Mike ‘Mish’ Shedlock
What is Helicopter money? Can the Fed or ECB just drop money from the sky?
The answer is no, at least legally. As I have explained before, the Fed cannot provide capital, but it can provide liquidity.
Although central banks show little regard for the rules under which they operate, they have not resorted to”helicopter money” in any real sense. But they sure have created bubbles.