Covid19 / helicopter money yes, but watch out for risk of inflation
With the prospect of an economic crisis, there is a return of talk about helicopter money - that is, the request to central banks to make available, as if distributing from above, large amounts of money, explains in this video Luca Fantacci, professor of economic history at Bocconi. "This term was coined for the first time in 1969 by Milton Friedman but the first to use it was the governor of the Fed, Ben Bernanke, during the financial crisis of 2008," explains Fantacci. "The difference, however, is that in the current situation the money will be given not to banks but to governments, which will then distribute it to businesses and families in difficulty. This is good, but watch out for the risk of inflation".