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by heartbeats 2305 days ago
What you're describing is called "helicopter money". It was just tried in Hong Kong, with unimpressive results.

https://www.zerohedge.com/economics/hong-kong-embraces-helic...

https://ftalphaville.ft.com/2020/02/26/1582705518000/Helicop...

2 comments

The article is dated Feb 25, and mentions that the disbursement has yet to occur, so we don't have any data on the success of the measure, or do I have this wrong?
Australia had a similar thing during the gfc and they managed to dodge a recession.