- Sep 26, 2015
- Reaction score
- The United States
- Political Leaning
It's going to happen once the world economy begins to go downhill once again. I'd say it's getting closer.
Imagine that the world economy takes a turn for the worse and slips back into recession. Central banks double down on their quantitative easing programmes. That doesn’t boost growth or bring an end to deflation. They push interest rates deep into negative territory. That doesn’t work either.
At this point, politicians opt for the helicopter money approach. That’s where central banks print money so finance ministries can hand it out to citizens in the hope that they will spend the unexpected windfall.
Indeed, the Japanese government is toying with the idea of distributing shopping vouchers to all households, which they could use for child care or other spending.