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Words, grammatical forms and meanings linked to the ontology.

helicopter money en · NOUN

Etymology

Coined by Milton Friedman in 1969 using the metaphor of money being dropped from the sky (out of nowhere).

Meanings

  1. (uncountable) Money that is created and dispersed by the central bank.
    • Money is endogenous and not exogenous money (represented by the usual textbook assumption of 'helicopter money'). 2006, Philip Arestis, Malcolm C. Sawyer, A Handbook of Alternative Monetary Economics, page ix:
    • In contrast to the case of QE, people might expect the increase in the monetary base to be permanent with helicopter money. 2019, Jin Cao, Gerhard Illing, Money: Theory and Practice, page 273:
    • A more fundamental defect in the argument that helicopter money will always resuscitate the economy is that it focuses exclusively on the logic of buyers while totally ignoring the logic of sellers. 2018, Richard C. Koo, The Other Half of Macroeconomics and the Fate of Globalization:

wikipedia: Milton Friedman