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We may need ‘helicopter money’ to fight the next downturn: report

AUGUST 23, 2019 | by Michael Rainey | THE FISCAL TIMES

“… ‘An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough. That response will likely involve ‘going direct’: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders.’ Another term for this approach is ‘helicopter money’ …”

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