And Here

I've been pushing for the Fed to do more, if for no other reason than being appalled that they're sociopaths for not trying to do more, but their methods really haven't done more than goose financial asset prices and improve the health of the banksters.

The richest 5% of Britons have been the biggest winners from the Bank of England's attempts to lift the economy out of recession by creating electronic money, the Bank has said.

But in a defence of the £375bn programme of asset sales since 2009, the Bank said that quantitative easing had spared the UK from an even deeper slump.

All of us econ grad students learned of crazy "helicopter drops" back in the day, but a helicopter drop isn't actually any more crazy than "give free money to the banksters."

We need a helicopter drop. Give free money to the rest of us.