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Rotors spinning for ‘helicopter money’

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USA Gold
 
Published : March 20th, 2020
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Reuters London/Mike Dolan/3-17-2020

“The ultimate monetary backstop in a severe economic shock is ‘helicopter money,’ or free cash for everyone as if it were dropped from the sky. After years of the idea occupying the margins of economic thought, it is gaining currency among economists and policymakers as a cure for coronavirus.”

USAGOLD note: This article preceded the Trump administration’s announcement it was readying a helicopter drop of money to almost all Americans. This article identifies “left-leaning economists” as helicopter money’s chief proponents, but it is proposed in the end by a Republican administration, as away of addressing an economic emergency. This article serves as an introduction to the origins and evolution of the idea for those unfamiliar with it.
Read the rest of the article at USA Gold
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