" Last month, Draghi became the first central banker to take seriously the idea of helicopter money – the direct distribution of newly created money from the central bank to eurozone residents. "
" Conceived in 1969 by Milton Friedman as part of a thought experiment —
not an actual proposal — helicopter drops got their name from the
fantastic vision of fresh money being scattered from a helicopter
whirring overheard. But the point of helicopter drops — or what former
Fed Chair Ben Bernanke recently called a “money-financed fiscal program” (MFFP) — is simply to distribute newly printed cash directly to consumers "
" The evocative concept of helicopter money comes from Milton Friedman,
the father of monetarism, who mused in 1969 that central bankers could
never fail to boost the money supply since they could always drop newly
printed bills from the sky onto the cash-starved economy below. "