https://twitter.com/jason_kint/status/1381057389265321989
So you can see they redact "Bernanke" as in "Project Bernanke". Why? What possible trade secret is there involved in naming something after a guy that never worked for you? What kind of judge acquiesces to this bullshit?
Where is Alsup to tell these clowns to no more redactions?
...but since such challenges are costly and time consuming - typically they aren't done.
Certainly, it's a reference to central banking, I doubt it is to this meme.
> The name "helicopter money" was first coined by Milton Friedman in 1969, when he wrote a parable of dropping money from a helicopter to illustrate the effects of monetary expansion. The concept was revived by economists as a monetary policy proposal in the early 2000s following Japan's Lost Decade. In November 2002, Ben Bernanke, then Federal Reserve Board governor, and later chairman suggested that helicopter money could always be used to prevent deflation.
Perhaps it's just a reference to Fed policy snoozery, but the helicopter connection seems like a better fit to me.
To attempt an anology, consider if all phone calls where charged by the minute and there is a knob to adjust the pricing.
One cal argue it's a reasonable tool to have. You can turn the knob up to "print money". Or you can turn it up to survive in a time when number of phone calls goes significantly down and you need to cover the fixed expenses.
If the price is too low you are leaving money on the table. If the price is too high users will see the costs surpassing the benefits and move to other products. Why not take all the money the market will bear?