Rickards On Helicopter Money And Ariely On Confabulation

According to the latest World Oil Outlook from the Organization of the Petroleum Exporting Countries, the price of oil will only hit 95 dollars a barrel by 2040. And that’s because, there is a glut. It turns out there’s too much of it in the UK too -- so much so that oil tankers are being turned around mid-route. Ameera David reports. Then, to talk about the Fed, Jim Rickards is on the show. Jim is the editor of Strategic Intelligence and author of "The Death of Money.” Jim tells Boom Bust’s Edward Harrison about his belief that so-called “helicopter money” is coming as a policy response to a weak economy.

After the break, Edward talks to Dan Ariely, a professor of psychology and behavioral economics at Duke University and founder of the Center for Advanced Hindsight. Dan tells Edward about ways to prevent cognitive shortcuts from hindering our financial outlook and discusses his experience with the Internet platform Kickstarter. And in The Big Deal, Ameera and Edward discuss whether inversions are a legitimate way to go about reducing tax and whether tax breaks on the repatriation of overseas profits can boost the economy.

- Source, RT