"Helicopter money" is a metaphor coined by Milton Friedman. It means the central bank directly prints money and injects it into the market, not actually dropping banknotes from a plane. It represents extreme easing and deficit monetization. The core argument is: it's better to aggressively inject liquidity and create inflation than to fall into deflation. Deflation is truly terrifying; everyone loses hope and confidence, creating a dark Middle Ages for the economy. Deflation can also create a self-reinforcing cycle. As prices continue to fall, people postpone consumption and investment, waiting for prices to drop further. Businesses suffer from declining revenue, layoffs, and salary reductions. Demand shrinks further, and debt burdens increase passively, leading to a recession. Similar to the Great Depression and Japan's Lost Three Decades This statement originates from Ben Bernanke's views. Nicknamed "Helicopter Money," his logic is that central banks possess the ability to print money. When conventional interest rate tools fail in a liquidity trap, they can expand their balance sheets at any cost to stimulate inflation expectations and break the deflationary spiral. However, the enormous cost is that unrestrained money printing destroys monetary credibility, fueling hyperinflation, asset bubbles, and currency crashes. Many traders cite this statement to understand the Federal Reserve's bottom-line thinking—that policymakers have extremely low tolerance for deflation. To clarify, conventional QE involves central banks buying bonds and injecting liquidity into the financial system, while helicopter money directly delivers money to residents, stimulating end-consumer spending with greater force, although the risks are also higher. (Quote: https://web.timestore.vip/ /time/pages/timeDetail/index?timeid=179966)