The Telegraph
by Ambrose Evans-Pritchard
April 3, 2013

Columbia Professor Michael Woodford, the world's most closely followed monetary theorist, says it is time to come clean and state openly that bond purchases are forever, and the sooner people understand this the better.

"All this talk of exit strategies is deeply negative," he told a London Business School seminar on the merits of Helicopter money, or "overt monetary financing".

(excerpted)
http://www.telegraph.co.uk/finance/comme...e-reversed.html