Pre-cum-Mains GS Foundation Program for UPSC 2026 | Starting from 5th Dec. 2024 Click Here for more information
News:Telangana Chief Minister has suggested RBI to adopt the concept of Helicopter Money to help state governments tide over the current crisis and kickstart economic activity in India.
Facts:
- Origin: The term Helicopter Money was given by American Economist Milton Friedman in his paper “The Optimum Quantity of Money”.
- Helicopter money: It refers to an unconventional monetary policy tool which is aimed at bringing the economy back on track by printing large sums of money and distributing it to the public.
- Benefits: a) Increase in Demand Growth b) Increase in inflation among others.
- Challenges: a) It may lead to Hyperinflation b) Devaluation of currency among others.
Discover more from Free UPSC IAS Preparation For Aspirants
Subscribe to get the latest posts sent to your email.
