Business
Put Phil Lowe on JobKeeper – MacroBusiness
The RBA’s job is done, according to Phil Lowe: I would now like to address one idea for the use of the central bank’s balance sheet that I sometimes hear – that is, we should use it to create money to finance the government. A variant on this idea is that the…
I would now like to address one idea for the use of the central bank’s balance sheet that I sometimes hear that is, we should use it to create money to finance the government. A variant on this idea is that the central bank should just deposit money in every bank account in the country this is sometimes known as helicopter money because, before we had an electronic payments system the idea was that banknotes could simply be dropped by helicopter.
For some, this idea is seen as a way of avoiding…
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