USEFULNESS AND DESTRUCTIVENESS OF MONEY AS A MEANS OF CONJUNCTURAL POLICY
USEFULNESS AND DESTRUCTIVENESS OF MONEY AS A MEANS OF CONJUNCTURAL POLICY

Summary/Abstract: It has become generally accepted to undertake "everything that is needed" inorder to avoid even greater troubles, not only because of the economic damages butalso because of the loss of human lives while having in mind how to get out of thetroubles of the Great Depression, and today's double crisis – health and economic one.With reason, no one asks what the price would be. Nor even the economists. However,they are professionally obliged to estimate the achievement in “everything that isneeded”, to point out the reasons which led to situations of “a knife under one’s throat”,to tell if they could not be avoided and how to prevent them in the future, especiallyunder conditions when the policy measures of undertaking “everything that is needed”have amounted to the previous unconventional measures of monetary policy includingthe “helicopter money.”

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