Folkerts-Landau: Monetary Policy Now Doing Serious Damage

The video discusses the challenges facing the global economy, including slow growth in Japan, issues in Europe, and a new UK government. It critiques central bank policies like QE and negative rates, suggesting they have reached their limits and are harming bank profitability. The discussion shifts to the need for fiscal policy to stimulate growth, highlighting the negative impact of current monetary policies on the financial sector, including banks and insurance companies.

Discuss the implications of helicopter money as mentioned in the text.

What alternative to monetary policy is suggested in the text to address economic challenges?