Charles Moore Charles Moore

The Spectator’s Notes | 22 November 2008

‘A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.’ So said Ben Bernanke, now the chairman of the Fed, in a speech about how to ward off the ‘extremely small’ chance of deflation, which he delivered in 2002.

issue 22 November 2008

‘A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.’ So said Ben Bernanke, now the chairman of the Fed, in a speech about how to ward off the ‘extremely small’ chance of deflation, which he delivered in 2002.

‘A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.’

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Charles Moore
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Charles Moore

Charles Moore is The Spectator’s chairman.

He is a former editor of the magazine, as well as the Sunday Telegraph and the Daily Telegraph. He became a non-affiliated peer in July 2020.

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