Josh Sigurdson talks with author and economic analyst John Sneisen regarding helicopter money, first coined by Milton Friedman and pushed forward to an extreme by Ben “Helicopter” Bernanke at the Federal Reserve.
Helicopter money is a proposed alternative to quantitative easing meant to help the economy when interest rates are near zero. However, there’s no free lunch. Dropping money into bank accounts sounds legitimate until you get an understanding of economic.
John Sneisen breaks down what you need to know!
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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