“He referred to economist Milton Friedman’s famous ‘helicopter drop’ of money as a solution for deflation. In essence, the suggestion was that, if there is deflation, it may be cured simply by dumping new currency from helicopters. For this suggestion to come from a member of the Board of Governors of the Fed caused many economists and investors to worry that the US economy may not be in the most competent hands. The comment was so unnerving that much of the rest of the speech failed to generate much discussion; yet, in it, Mr. Bernanke revealed other points from his philosophy on dealing with deflation that most certainly deserve review.”
http://www.internationalman.com/global-perspectives/ben-bernanke-revisiting-the-helicopter-speech
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