3 ms·
What you're describing is called "helicopter money". It was just tried in Hong Kong, with unimpressive results. https://www.zerohedge.com/economics/hong-kong-e
by heartbeats 7y ago
What you're describing is called "helicopter money". It was just tried in Hong Kong, with unimpressive results.
https://www.zerohedge.com/economics/hong-kong-embraces-helicopter-money-govt-gives-every-adult-citizen-hk10000 https://www.zerohedge.com/economics/hong-kong-embraces-helic...
https://ftalphaville.ft.com/2020/02/26/1582705518000/Helicopter-money-is-here/ https://ftalphaville.ft.com/2020/02/26/1582705518000/Helicop...
- HappySweeney 7y agoThe article is dated Feb 25, and mentions that the disbursement has yet to occur, so we don't have any data on the success of the measure, or do I have this wrong?
- salty_biscuits 7y agoAustralia had a similar thing during the gfc and they managed to dodge a recession.