Maybe They’ll Throw Money at Us Next
Will it rain … dollars? “Helicopter money” refers to cash that central banks might give away — which OZY’s Steve Butler says could come via tax rebates — so people can grab it and spend. With even extreme central-bank efforts to combat deflation and stoke spending foundering everywhere from Tokyo to Frankfurt, this even more radical approach seems all the more likely after Martin Wolf, an influential FT commentator, suggested it was coming soon. No one doubts consumers would spend the cash, which is precisely what much of the world economy needs.