Oprahnomics
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.
The Urban Dictionary Mug
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