Rickards on helicopter money & Ariely on confabulation
According to the latest World Oil Outlook from the Organization of the Petroleum Exporting Countries, oil prices due to a glut will only hit 95 dollars a barrel by 2040. Ameera David reports and goes on to talk about the Fed with Jim Rickards. He is the editor of Strategic Intelligence and author of "The Death of Money.” Jim tells Boom Bust’s Edward Harrison he thinks so-called “helicopter money” is coming as a policy response to a weak economy.
After the break, Edward talks to Dan Ariely, a professor of psychology and behavioral economics at Duke University and founder of the Center for Advanced Hindsight. Dan tells Edward about ways to prevent cognitive shortcuts from hindering our financial outlook and discusses his experience with Kickstarter. And in The Big Deal, Ameera and Edward discuss whether inversions are a legitimate way to go about reducing tax, and whether tax breaks on the repatriation of overseas profits can boost the economy.
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