Eric Lonergan on Helicopter Drops and How to Improve Monetary Policy
Macro Musings with David Beckworth
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The Equity Risk Premium
Eric Wilt: I think there's a kind of political consensus emerging globally that we have to do something about wealth and equality. The problem is we don't have practical policies, he says. So why not use your financing to acquire assets and create a sovereign wealth fund? He argues it could be the equivalent of a harvard endowment where government issues government bonds for 90%. In ten years time, based on those expected returns, i should have effectively doubled the value of my assets - Wilt.
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