Hacker News Reader

The real heyday of this was early 2000s, after Bernanke used it in a speech the first time. Maybe he mentioned it again in 2016?

Bernanke used it in a speech for the first time in 2002, but it was coined back in 1969 by Milton Friedman.

And Friedman was referring to 1930s Keynsian ideas about stimulus. Keynes's original version was paying people to needlessly smash rocks.