making money worthless.
Helicopter Money: Why Some Economists Are Talking About Dropping Money From the Sky
For years, central banks have been doing everything they can think of to try to get higher inflation and stronger growth. The next step just may be a metaphorical helicopter, high above Tokyo. The Bank of Japan meets Friday to decide on the next steps in its long battle against deflation, or falling prices — and may well pursue some coordinated effort with the Japanese government using an idea with a long historical lineage. “Helicopter money” is the term economists and market-watchers use for an aggressive form of monetary stimulus — the government’s power to print money — to try to spur growth and get ... (full story)