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Helicopter Money: Why Some Economists Are Talking About Dropping Money From the Sky

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“Helicopter money”  '(a metaphor used by Milton Friedman and  Ben Bernanke) is the term economists  use for an aggressive form of monetary stimulus — the government’s power to print money — to try to spur growth and get inflation higher.  It is a policy that has echoes of some of the great catastrophes of economic history. There had beenbuzz that the Bank of Japan could move in that direction, but it elected to take only a smaller action. Regardless of what the Japanese central bank does, if the global economy’s deflationary doldrums continue expect the discussion around these metaphorical helicopters to get louder. They say desperate times demand desperate measures. Helicopter money is what monetary policy desperation looks like. It is a safe bet those in Europe and the United States will be watching very carefully.'

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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