Skip to content
  • Home
  • Products
    • App for IOS & Android
    • Product Features
  • Register/Log In
    • Register
    • Login
  • About
  • Currency Converter
  • Contact Us
  • 0
0 Menu Close
  • Home
  • Products
    • App for IOS & Android
    • Product Features
  • Register/Log In
    • Register
    • Login
  • About
  • Currency Converter
  • Contact Us
  • 0

Letter: Indian economist foretells a role for helicopter money - Financial Times

Letter: Indian economist foretells a role for helicopter money - Financial Times

Edward Luce’s exceptional interview with Amartya Sen (“Citizen of everywhere”, Life & Arts, FT Weekend, July 3) leaves the reader begging for more. I was fortunate to attend Professor Sen’s lectures at the London School of Economics when he discussed poverty and famines — at a time when he was already a legend for students of development economics, but long before he was awarded the Nobel Prize. The simplicity and elegance of his arguments were powerful. But his career is also a lesson in how slow the world can be to accept new ideas. I recall Sen sharing an anecdote about the BBC — which was scheduled to interview him about how governments might respond to a famine — and he said they could do worse than drop helicopter-loads of money on affected areas. The BBC worried that such a policy would cause hyperinflation and, ultimately, never ran the interview! I am left wondering if the current generation of central bankers have drawn on insights by development economists, particularly as they employ “helicopter money” in the face of exogenous economic shocks, and whether this gives them greater confidence in the likelihood that inflation will be transitory. I would also have loved to learn what Sen feels about the tendency of so many to revel in ideas of building walls rather than breaking down barriers and, in particular, what he thinks about Brexit and how it may have impacted not just the UK’s development, but also Europe’s development. Rajiv Dadlani San Francisco, CA, US
Read this on google news

Categories

  • business (2046)
  • commerce (2046)
  • company (2046)
  • economics (2046)
  • finance (2046)
  • stock (2046)
  • stock market (1478)
  • Uncategorized (1)

PieGG was started with a common goal of serving the finance community while they make transitions. All our team members bring to table their unique expertise and experience of stock market which they would like to pass on to future investors.

Stay Connected

Facebook Twitter Google-plus Linkedin

contact

US Office

39843 Cedar Blvd, Newark, CA, 94560, United States

 :+1 408 444 7337
 info@piegg.com

 
Copyright [piegg.com] - IDYDZ LLC
×
×

Cart