It is our ex-Federal Reserve Chairman who is known as 'Helicopter Ben'.
Helicopter Ben is a coined name for Federal Reserve Chairman Ben Bernanke. The origin of this "nickname" stems from statements made by the Chairman in regards to a hypothetical monetary crisis. He basically indicated that if there were a liquidity squeeze, he would direct helicopters to be flown around the country spewing out fistfuls of cash to the populous.
Don't worry about a recession, Helicopter Ben will save us.
by Guido1 March 03, 2008
what i am wondering about it the downside.
we already have inflation. we already have a balance of trade problem. we already have a ballooning deficit. taxes are typically rising. poverty exists— welfare needs exist.
at the surface, printing money and tossing at at citizens seems to counteract the majority of these problems.
if that is the case, then perhaps it is only a matter of time before the politicians seriously propose it(and we should all consider it evenhandedly).