Thursday, November 4, 2010

"...it does no good at all to just throw dollars from a helicopter"

Brazil will use the upcoming G20 meeting as a forum to complain about the Fed's decision to print billions of dollars to bolster the US economy, Brazilian finance minister Guido Mantega said.

Mr Mantega told reporters the Fed's decision could aggravate imbalances in the global economy.

"Everybody wants the US economy to recover, but it does no good at all to just throw dollars from a helicopter," Mr Mantega said. "You have to combine that with fiscal policy. You have to stimulate consumption," he said.
 
© 2009 m3, ltd. All rights reserved.