Helicopter money – The ideal monetary system, part 6 15. 07. 2014. Despite a zero interest rate the threat of falling prices is imminent, which hurts the economy rather badly. In a famous 2002 speech, former Fed chair Ben Bernanke proposed a conceptual solution to this very situation: as the printing press is a monopoly of the state, newly printed money should be injected into the economy, which will prevent deflation. Later on he also had the opportunity to do the stunt in practice. Read more about Helicopter money – The ideal monetary system, part 6
