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randallsquared
1891 days ago
The real heyday of this was early 2000s, after Bernanke used it in a speech the first time. Maybe he mentioned it again in 2016?
1 comments
joelwilliamson
1891 days ago
Bernanke used it in a speech for the first time in 2002, but it was coined back in 1969 by Milton Friedman.
https://en.m.wikipedia.org/wiki/Helicopter_money
link
lupire
1891 days ago
And Friedman was referring to 1930s Keynsian ideas about stimulus. Keynes's original version was paying people to needlessly smash rocks.
link
https://en.m.wikipedia.org/wiki/Helicopter_money