Billions from Heaven? 'Helicopter money' option wins fans
Simon Kennedy
After more than 600 interest-rate cuts and $US12 trillion ($16 trillion) of asset purchases since the financial crisis failed to move the inflation needle enough, central banks may need to head even deeper into uncharted territory.
The way to get the world out of its disinflationary rut could lie in them directly financing government stimulus -- a strategy known as deploying "helicopter money" after a 1969 proposal from Nobel laureate Milton Friedman.
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Bloomberg
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