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AFIAK that kind of "money from helicopters" approach is something I've heard discussed by progressive economists, but until quite recently it was not technicall
by api 8y ago
AFIAK that kind of "money from helicopters" approach is something I've heard discussed by progressive economists, but until quite recently it was not technically feasible to do this fairly. It would still be pretty hard to implement.
- pishpash 8y agoThe money from helicopters approach is better done on the fiscal side. Except the guy in the US who wanted to do it was cock-blocked by his opponents for 6 years and in the EU they are handcuffed by various laws. Still, by comparison of US vs. EU, even dumping the money into the banking system vs. austerity was the better way to go. The EU wasted 2-3 years.
- pdonis 8y ago> It would still be pretty hard to implement. That's true. But it doesn't change the fact that any other way of printing money is playing favorites--some will be winners and others will be losers.