Helicopter money is no panacea
“The image of the Fed printing paper money, and dumping it from helicopters to consumers waiting below who scoop it up and start spending is a popular, but not very informative way to describe helicopter money. In reality, helicopter money is the coordination of fiscal policy and monetary policy in a way designed to provide stimulus to a weak economy and to fight deflation.”
USAGOLD note: Some say helicopter money is on its way. By Rickards description – the beginnings of which are posted above – it may already be here.
Repost from 1-15-2020