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A contemporary economic theory founded originally in 2004 by Oprah Winfrey and popularised in early 2020 by the US government and its [Federal Reserve Bank] counterpart. The main tenets of Oprahnomics include: - Everyone gets a Bailout - [Helicopter Money] - Eternally Zero/Negative Interest Rate Policy - Yield Curve Control In this system the government must always maintain a steady growth of debt-to-GDP, increasing the the ratio by a minimum of 25% per annum. The central bank owns the majority of financial assets in circulation and has a dual mandate to: 1) Maximise stock market gains 2) Keep CPI below 3% to disguise asset price inflation Wide-scale implementation of Oprahnomics began in the United States shortly after the outbreak of the deadly COVID-19 pandemic in early 2020. It was realised when the predominant neo-Keynesian tendencies of central bank economists transitioned into full-fledged Oprahnomics in collaboration with [Donald Trump's] administration. The biggest proponents of Oprahnomics today include the Fed, BoE, BoJ, [ECB] and their government counterparts. Oprahnomics has been described characteristically as a technocratic system composed of elements deriving from plutocracy and corporatism.
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