Helicopters wanted

UBS
By October 3, 2019 17:03

Helicopters wanted

In making Apocalypse Now, director Francis Ford Coppola learned that if you want to get something done you need government helicopters, famously locating film production in the Philippines when the country’s then-president agreed to provide him with military equipment. The need for government helicopters was also a theme in outgoing European Central Bank (ECB) President Mario Draghi’s recent press conference. When asked whether “helicopter money” would be helpful in stimulating the European economy, he said that “giving money to people, in whatever form, [is] a fiscal policy task, it’s not a monetary policy,” before adding that “it’s high time, I think, for the fiscal policy to take charge.” 

UBS
By October 3, 2019 17:03

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