Sunday, April 12, 2020

What is helicopter money and why is it in news?

This is an unconventional monetary policy tool. It involves printing money and distributing it to the public. Milton Friedman coined this term. It basically denotes a helicopter dropping money from the sky. Friedman used the term to signify "unexpectedly dumping money onto a struggling economy with the intention to shock it out of a deep slump."

from Economic Times https://ift.tt/3b3tBlA

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