IFM Investors chief economist Alex Joiner has urged the Reserve Bank of Australia to prepare a back-up plan, in the event of another financial crisis, to pump tens of billions of dollars into the economy.
However the "helicopter money" should come with strings attached – that it could only be used to fund large infrastructure projects, like road and rail, he said.
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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.