You’re right - “helicoptering” is no longer accurate - “airlifting” might be more appropriate.
Remember, the Fed is buying $120,000,000,000 of bonds per month.
That’s well beyond a helicopter’s capability!
Remember, the Fed is buying $120,000,000,000 of bonds per month.
That’s well beyond a helicopter’s capability!
This is part of the complexity in modern central banking that people don't seem to understand. Many of the things you might have learn in school about how central banks operate are no longer the case.
If cash actually flows depends on many factors.