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Stanion warns helicopter drops are on the way

Veteran strategist Percival Stanion is convinced central banks will try to dig the world out of the next recession by printing money

Is it time for a helicopter drop of cash in hard times?
Is it time for a helicopter drop of cash in hard times? Photo: iStock

Desperate times call for desperate measures and veteran strategist Percival Stanion is convinced central banks will try to dig the world out of the next recession with helicopter money.

The term describes the outright printing of money by central banks. It was coined by the late economist Milton Friedman, who said the authorities would need to offer people a "helicopter drop" of cash in hard times.

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