Federal Reserve about to turn on the printing presses by buying commercial paper.
Yep, time for another helicopter drop of dough from Helicopter Ben, as he tries to prevent a deflationary spiral from Hell (or at least 1930-1931) from breaking out. Will it work? Well, it depends on how many helicopters ole' Helicopter Ben has, I suppose...
-- Badtux the Economics Penguin
(Who, despite the snark, agrees with Ben that this is the sort of situation where the alternative of a liquidity trap is worse than the inflation that a helicopter drop might create).
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