04 de Novembro de 2012

Old monetarists, including Milton Friedman, sometimes would use the metaphor of helicopter money. The monetary authority would load up newly-printed, hand-to-hand currency into helicopters and then fly around throwing it out. People would catch the falling money or else rake it up from the ground. The idea is that they would spend the money, so that an increase in the quantity of money dropped from helicopters would generate additional spending on current output.



































publicado por GWOM às 03:39

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