Talking About the Inflation Tax

Ben scares the holy hell out of me precisely because of that helicopter comment. When I read that, I knew beyond all doubt that the man is a DANGER to us all.
The more technical term is a money gift, as economists do not usually plan to drop money from helicopters ;) In any case, its ment as a way to introduce money into the economy if interest rates cannot be lowered any more.
http://en.wikipedia.org/wiki/Helicopter_drop

In many ways it sounds more fair than lowering interest rates to me, because they new money would probably be more evenly distributed than simply being the in hands of debtors. Its not really something someone would do out of malice for savers, but rather to stimulate the economy and prevent worse damage. Granted, I'm not convinced it makes any sense at all, and is probably one of those cases of people meddling where they shouldn't.
 
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