Pros and Cons of Helicopter Money: Is it a Viable Economic Tool?
So, what exactly is helicopter money? At its core, helicopter money refers to a rather unconventional economic strategy where a central bank or government injects money directly into the hands of the public, typically through means like cash transfers, stimulus checks, or tax rebates. Unlike other economic tools, it’s designed to stimulate spending and boost aggregate demand by ensuring that people have more money to spend.