"The Time and Place for ‘Helicopter Money’"

From the Wall Street Journal:

The promise of monetizing the debt is often too good to be true. That doesn’t mean it ought to be taboo, Greg Ip says.

With fiscal and monetary policy reaching their limits, the search for
new solutions to the world’s low-growth, low inflation rut has turned
to “helicopter money.”


The policy gets its name from an essay by Milton Friedman in 1969
that imagined