Gary Shilling, Columnist

`Helicopter Money' Is Coming to the U.S.

No matter who wins the U.S. election, more stimulus is on the way.

August 5, 2016 at 5:41 AM EDT

Gary Shilling is president of A. Gary Shilling & Co., a consultancy. He is author of “The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation.”

"Here, take this cash and..."
Photographer: Simon Dawson/Bloomberg

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Several years of rock-bottom interest rates around the world haven't been all bad. They've helped reduce government borrowing costs, for sure. Central banks also send back to their governments most of the interest received on assets purchased through quantitative-easing programs. Governments essentially are paying interest to themselves.

QuickTake What is Helicopter Money?

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