helicopter drop

helicopter drop
 n.— «Bernanke detailed how the Fed could use its various tools to spur consumer and business spending, including by jumping into the bond market to directly buy Treasury securities in an effort to push down longer-term interest rates. Combined with federal tax cuts, he said, the effect would be a “helicopter drop” of money into the economy—a phrase coined by eminent economist Milton Friedman.» —“Immediate Policy Test Awaits” by Tom Petruno, Thomas S. Mulligan Los Angeles Times Oct. 25, 2005. (source: Double-Tongued Dictionary)

Join the discussion

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Origin of “When in Rome, Do as the Romans Do”

The proverb when in Rome, do as the Romans do suggests one should respect local customs and traditions, but also more generally that sometimes it’s better to go along with a group’s consensus than resist and make a fuss. But why in Rome and not in...