In this excellent article the WEF considers the question, ‘Are helicopter drops little more than theoretical debate’?
I’ll let you read the article if you are not familiar with the concept of helicopter money.
The article concludes that matters are not sufficiently critical to deploy this radical weapon.
I’d like to pose two open questions in response:
- How are South European countries expected to find jobs for young people after years of excessive austerity and under investment because of the Fiscal Constraint that supports the Euro?
- Secondly, why are France and Germany not reflating their economies as proposed by Paul Krugman, the Nobel winning economist?