Tuesday, March 11, 2014

'HELICOPTER' MONEY POLICY: Free money for everyone.
[W]hat conservatives really objected to about the Obama stimulus and all subsequent Democratic proposals for fiscal pump priming was not so much the fiscal consequences, despite what they said.... What really infuriates them about Democratic stimulus measures is that it is spending by government, meant to achieve government priorities, and delivered through government channels in ways that enhance the reach and influence of the government.

The helicopter money policy, by contrast, keeps government almost completely out of the picture. It distributes resources directly to citizens, with no limits on how they can spend it, thereby strengthening individual choice and the private sector, not government bureaucracies.
Hell, it'd work at least as well as anything the Obama administration has tried. And there's precedent for it -- read Heinlein's Beyond This Horizon (1942).

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