Quantitative Easing and its consequences have been a disaster for the human race.
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I think helicopter money would have had drastically different and preferable effects.
It would have had equally disastrous results no matter where it was airdropped. We’d just be in a zombie-first movie instead of a vampire-first movie.
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are you sure? my folk-economic intuition is that QE crowded out investment by boosting asset values, whereas helicopter money would've at least driven investment on a household level.
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We dropped helicopter money here in Australia in 2008. Every worker earning $100K or less and every low-income family got a $950 cheque. It took some bite out of the GFC downturn but not enough so we did it again. Everyone got another $950. Australia avoided recession entirely.
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