Just wondering, why do people around here refer Bernake as 'Helicopter Ben'? Why Helicopter?
DEFINITION of 'Helicopter Drop'
A hypothetical, unconventional tool of monetary policy that involves printing large sums of money and distributing it to the public in order to stimulate the economy. Helicopter drop is largely a metaphor for unconventional measures to jumpstart the economy during deflationary periods. While helicopter drop was first mentioned by noted economist Milton Friedman, it gained popularity after Ben Bernanke made a passing reference to it in a November 2002 speech, when he was a new Federal Reserve governor. That single reference earned Bernanke the sobriquet of Helicopter Ben, a nickname that stayed with him during much of his tenure as a Fed member and Fed chairman.
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