Tuesday, August 21, 2007
You don’t need a helicopter to distribute free money these days
The markets are crashing. It seems that no one can save them now. But wait a minute, what's that up there in the sky? Is it a bird? Is it a plane? No - it's a helicopter, actually. And the man at the controls, US Federal Reserve chief Ben Bernanke, clearly hopes that by flooding the US financial system with enough dollars, he can prevent the whole credit bubble from collapsing.