Free Money – This Incredibly Reckless Policy Is Gaining Momentum

Free Money – This Incredibly Reckless Policy Is Gaining Momentum by Hard Assets Alliance

I was sure I misread the title, because everyone instinctively knows this policy is a bad idea… right?

But I didn’t misread it. And it was far from the only article in support of it.

The title was “Get Ready to be Showered by Helicopter Money.” And the voices behind this policy are growing.

Free money to your bank account

The idea is relatively simple: give people money… watch them spend it to stimulate the economy. This kind of behavior modification is usually done through tax cuts or spending programs.

Helicopter money, however, would take it a step further and deposit money directly into people’s bank accounts. What’s a...