> In this piece, we take a look at the helicopter money model, its role in the economy, and the related shortcomings that may emerge in the long-run. > What’s

> In this piece, we take a look at the helicopter money model, its role in the economy, and the related shortcomings that may emerge in the long-run. > What’s Helicopter Money? > The concept of helicopter money first appeared in 1969 in The Optimum Quantity of Money by a famous monetary theorist and Nobel laureate Milton Friedman. It implies transferring money to individuals or cutting taxes for households. This section tells me everything I need to know: the person who wrote this article has no idea what they are writing about. The "helicopter money" phrase was used satirically, and every economist at the time and through, apparently, until today, knew this because of how absurd the term is. I haven't read the piece sited, but I'm going to go out on a limb and state that Milton Friedman would not have stated that the term was even equivalent to "cutting taxes" and definitely stated the term as creating money and giving it to households (via a helicopter). Please ignore this article. It is absolutely awful and is probably effective at tricking people who have never read about these things before.