Via ConvergEx’s Nick Colas,
Warm up the choppers and put some Wagner on the loudspeakers – “Helicopter money” is a hot economic topic.
That’s where central banks print money and either hand it to the government for things like infrastructure investment or just send it out to consumers to spend. While that may sound like an extreme measure, advocates of this novel approach argue that it is a valid response to an extreme problem: slowing global growth and central banks with no “Standard” tools left in the shed.