Yet the previous owners of those bonds and stocks who now hold the cash are likely members of the same elite investment class, and immediately ... reinvest it i

Yet the previous owners of those bonds and stocks who now hold the cash are likely members of the same elite investment class, and immediately ... reinvest it in bonds and stocks, instead of spending it on goods and services. (unless they are the recipients of, say, social security -- the biggest single investor in government bonds) edit: replied without reading the HPE post. My point, I guess, is that this helicopter drop of cash, if evenly distributed (e.g., every US citizen received 3.19488818e-9 of it), would disproportionally be distributed to those who would spend it immediately, increasing aggregate demand - compared to those few percent who would just add it to their investment portfolio.