---
title: "NGDP vs Helicopters"
url: https://independentstockanalysis.com/ngdp-vs-helicopters/
description: "Following two days of trading lower, the precious metals complex opened sharply down today before rebounding to this point. Chess’s take this morning…"
published: 2012-09-26
updated: 2012-09-26
---

# NGDP vs Helicopters

Published 2012-09-26

Posted on

by

J.J. Butler

Following two days of trading lower, the precious metals complex opened sharply down today before rebounding to this point. [Chess’s take](http://ibankcoin.com/chessnwine/2012/09/26/first-stop-in-the-miner-train/) this morning.

“Chicago Federal Reserve Bank President Charles Evans on Tuesday reiterated his support for the U.S. central bank’s bold new push to lower borrowing costs and boost the so far “disappointing” recovery, and **said the Fed should do even more**.” [Reuters](http://www.reuters.com/article/2012/09/26/us-usa-fed-evans-idUSBRE88P1D120120926)

*ISA*readers are aware of NGDP (nominal GDP targeting) looks to be the next policy response in the toolkit. The Fallacy of Nominal GDP Targeting at [Financial Sense](http://www.financialsense.com/contributors/detlev-schlichter/fallacy-nominal-gdp-targeting).

Column: Why not drop money out of a helicopter? “The Federal Reserve should give people free money. People would spend this money, increasing demand for goods and services, causing employers to hire additional workers to meet this increased demand and reducing unemployment in the economy overall.” [USA Today](http://www.usatoday.com/news/opinion/forum/story/2012-09-25/ben-bernake-inflation-money/57840674/1) Yes, Virginia, in the mainstream USA Today as a serious idea.

Morgan Stanley: QE3 Not Enough to Help Equities, Look For QE4 at [Barron’s](http://blogs.barrons.com/incomeinvesting/2012/09/24/morgan-stanley-qe3-not-enough-to-help-equities-look-for-qe4/?mod=BOLBlog).