John Kay has written the first in a series of posts on monetary policy, and he starts by trashing helicopter money. I also disagree that HM should be contemplated, at least in any economy save Japan, but I think he makes a misstep on his journey to the same conclusion.
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John Kay on helicopter money
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John Kay has written the first in a series of posts on monetary policy, and he starts by trashing helicopter money. I also disagree that HM should be contemplated, at least in any economy save Japan, but I think he makes a misstep on his journey to the same conclusion.