{"id":13290,"date":"2016-05-19T15:11:25","date_gmt":"2016-05-19T19:11:25","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=13290"},"modified":"2016-05-19T15:11:25","modified_gmt":"2016-05-19T19:11:25","slug":"bibow-on-helicopter-money-in-the-ft","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/bibow-on-helicopter-money-in-the-ft\/","title":{"rendered":"Bibow on Helicopter Money in the FT"},"content":{"rendered":"<p>In the <em>Financial Times<\/em>, J\u00f6rg Bibow writes in reaction\u00a0to an <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/0c4efb6c-177a-11e6-b197-a4af20d5575e.html#axzz48wmL4WMk\">article<\/a> by Stephanie Flanders on &#8220;helicopter money&#8221; &#8212;\u00a0the idea of having the central bank directly credit citizens&#8217;\u00a0bank accounts\u00a0(or, in the thought experiment, to print bank notes and drop them from helicopters) with the aim of generating\u00a0increases in consumer spending.<\/p>\n<p>Bibow observes that helicopter money\u00a0is really just fiscal policy, properly understood, and\u00a0adds that\u00a0it is preferable that elected\u00a0fiscal authorities actually do their job &#8212; increase spending\u00a0&#8212; during a period of inadequate demand; perhaps\u00a0by investing in the &#8220;energy infrastructure,&#8221; as Bibow suggests.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/85e23200-1842-11e6-b197-a4af20d5575e.html#axzz48wmL4WMk\">Read the letter here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the Financial Times, J\u00f6rg Bibow writes in reaction\u00a0to an article by Stephanie Flanders on &#8220;helicopter money&#8221; &#8212;\u00a0the idea of having the central bank directly credit citizens&#8217;\u00a0bank accounts\u00a0(or, in the thought experiment, to print bank notes and drop them from helicopters) with the aim of generating\u00a0increases in consumer spending. Bibow observes that helicopter money\u00a0is really [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,40],"tags":[1131,1107,155,597],"class_list":["post-13290","post","type-post","status-publish","format-standard","hentry","category-fiscal-policy","category-monetary-policy","tag-fiscal-policy","tag-helicopter-money","tag-infrastructure","tag-jorg-bibow"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/13290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=13290"}],"version-history":[{"count":4,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/13290\/revisions"}],"predecessor-version":[{"id":13294,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/13290\/revisions\/13294"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=13290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=13290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=13290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}