helicopter money
(en)
a tool of unconventional monetary policy that has been proposed as an alternative to quantitative easing when interest rates are close to zero and the economy remains weak or enters recession; popularised by Milton Friedman in the form of dropping money on the ground (from a helicopter), though he didn't intend it as an actual policy
the last bullet of monetary policy, and perhaps of policy generally, would be dishing out ‘helicopter money’ to citizens, perhaps by sending each taxpayer a cheque of, say, $3,000, circumventing the banking system in the hope that this would, finally, result in a take-off of effective demand
footnote 25
notable
7 years, 2 months ago