Helicopter Money Is in the Air
Fiscal policy has been out of fashion since 2010, if not longer. But now that unconventional monetary-policy measures have failed to deliver more than mediocre outcomes, policymakers have started mooting ideas for unconventional fiscal policy.
https://prosyn.org/WEcL2E7
LONDON – Fiscal policy is edging back into fashion, after years, if not decades, in purdah. The reason is simple: the incomplete recovery from the global crash of 2008.