H is for Helicopter Cash

  • Story by: Jim Robinson
  • Magazine: InvestmentAdviser
  • Published Monday , June 16, 2008

While 'helicopter cash' may conjure for some the stirring image of Mervyn King, commando-like, flinging bags of cash from the open mouth of a Huey chopper, the term tends to take far more pedestrian forms.

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Helicopter cash refers to money bestowed upon consumers and/or companies by a given monetary authority, such as the Bank of England or the US Fed, with the aim of tackling deflation or springing the dreaded liquidity trap (much like the one we now face in the West).

Instead of dealing with the usual suspects (i.e. financial intermediaries), a central bank will airdrop these funds, like manna from heaven, directly upon your tired, your poor, your huddled masses yearning to breathe free.

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