Kay, John, (2016), “Helicopter Money: A Disguise For Debt Financing Funded By Short-Term Borrowing”, Social Europe, 2 June
The term “helicopter money” is derived from a vivid image created by the US economist Milton Friedman in which a central banker showers notes on a grateful populace. More recently, the notion has been promoted by Adair Turner, the former chairman of the UK financial regulator, in his book, Between Debt and the Devil. It has also won some favour from bond king Bill Gross and even real central bankers such as Ben Bernanke, formerly chairman of the US Federal Reserve, and Mario Draghi, president of the European Central Bank.
Relevant Posts
- Claudio Borio, Piti Disyatat, Anna Zabai,(2016), “Helicopter money: The illusion of a free lunch”, Voxeu, 24 May
- Minenna, Marcello, (2016), “Helicopter Money: An Old Novelty”, Social Europe, 17 May