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Bernanke used it in a speech for the first time in 2002, but it was coined back in 1969 by Milton Friedman. https://en.m.wikipedia.org/wiki/Helicopter_money ht
by joelwilliamson 5y ago
Bernanke used it in a speech for the first time in 2002, but it was coined back in 1969 by Milton Friedman.
https://en.m.wikipedia.org/wiki/Helicopter_money https://en.m.wikipedia.org/wiki/Helicopter_money
- lupire 5y agoAnd Friedman was referring to 1930s Keynsian ideas about stimulus. Keynes's original version was paying people to needlessly smash rocks.