Loz Wrote: ------------------------------------------------------- > > But in the context of calling things QE that > aren't, > "We have tried a form of helicopter money before, to good effect, albeit in the form of fiscal, rather than monetary policy. As recently as the global financial crisis in 2008-09, the government distributed cash benefits directly to households to encourage spending. This helped keep the economy from dipping into recession, alongside the RBA?s aggressive rate cuts, the precipitous fall in the Australian dollar (AUD) and massive stimulus in China, which lifted demand for our commodity exports." Stephen Walters Chief Economist, Australian Institute of Company Directors
