I came up with the idea of “World Out of Whack” while out on a training run. With all the insanity in financial markets, documenting those which are weirder than a 3-dollar bill would make for an interesting exercise. And besides, we’re covering these markets for our own personal investment and trading purposes.
In last week’s edition we discussed helicopter money.
(if you haven’t read it yet, I encourage you to do so here)
I received a deluge of emails as a result. I do read them all but simply cannot respond to all of them – my apologies.
There were two main themes of questions emanating from the article, and in today’s podcast I cover them both. It is short and sweet and I hope you enjoy it.
“Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community. Let us suppose further that everyone is convinced that this is a unique event which will never be repeated.” — Milton Friedman