But even #Fischer didn't try helicopter money. He was a typical monetarist, scared to be a monetarist. So Austrian economists should not gloat about his failures. His failures were based on fear of really using monetary policy. As Kyle Bass said, helicopter money is the only way out and we don't have that. We have sterilized monetary policy, hardly expansionary.
Stanley Fischer Is Out At The Fed
But even #Fischer didn't try helicopter money. He was a typical monetarist, scared to be a monetarist. So Austrian economists should not gloat about his failures. His failures were based on fear of really using monetary policy. As Kyle Bass said, helicopter money is the only way out and we don't have that. We have sterilized monetary policy, hardly expansionary.