Who among the following has first to coined the term “Helicopter Money”?
A. Milton-Friedman
B. Osborne-Smith
C. Zelvey
D. Mickel-Jorden
The name “helicopter money” was first coined by Milton Friedman in 1969, when he wrote a parable of dropg money from a helicopter to illustrate the effects of monetary expansion. The concept was revived by economists as a monetary policy proposal in the early 2000s following Japan’s Lost Decade.