> Nobody has ever explained to me, in a satisfying way, what's wrong with a helicopter drop. There is nothing to explain, since there is nothing wrong with it.

> Nobody has ever explained to me, in a satisfying way, what's wrong with a helicopter drop. There is nothing to explain, since there is nothing wrong with it. Steve Keen did a simulation of policies against debt deflation, comparing austerity (business as usual), quantitative easing (giving money to banks) and helicopter drop (giving money to consumers). The result was that helicopter drop worked the best, followed by QE, and austerity came last. This is consistent with recent historical data we have on austerity (Japan and Europe) and QE (USA); I am not sure if someone ever attempted helicopter drop in debt deflation (although a similar thing - debt cancellations - happened in history).