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THIS TIME IS DIFFERENT

Throwing money out of helicopters

An implementation of helicopter money in some form can boost aggregate demand and inflate the debt away

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BEN Bernanke, former chairman of the Federal Reserve, earned the nickname "Helicopter Ben" when he suggested in 2002 that helicopter money could always be used to stave off deflation.

Suppose that a helicopter flew over Singapore, and dropped one thousand dollar bills, so that every...

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