Helicopter Money in Singapore


Welcome, welcome to One Minute Crypto! I’m your host, Chronos, and today, helicopter
money is finally here. The phrase refers to dropping free money out
of the sky; it was first coined by Milton Friedman in 1969, when he wrote about dropping
money from a helicopter to illustrate the effects of monetary expansion. Printing money out of nothing might not sound
like a great idea, but it’s growing in popularity as economies start to show signs of stagnation
around the world. The country of Singapore is now officially
adopting the policy. Specifically, all Singaporeans aged 21 and
older this year will receive a one-time cash payout to “help with their household expenses”
amid the economic slowdown. The amount received depends on income: those
making up to $28,000 per year will get 300 Singapore dollars. Those who earn more than this, but under a
hundred thousand will get $200, and those beyond that or who own more than one property
will get $100. Also, parents with at least one Singaporean
child aged 20 or younger will each receive an additional $100 in cash. When inflation rates are low, maybe we can
get away with free money — annual inflation of the Singapore dollar has been below 1%
for the past five years. But I think it will be awfully tempting to
keep the helicopters running, even if inflation starts getting out of control. What do you think of boosting the economy
with money from the sky? Post below. I’m Chronos. Thanks for watching!

9 thoughts on “Helicopter Money in Singapore

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  2. I think it's better to give freshly created money to the people than to the "1 percent", hoping it will trickle down into the economy. it won't trickle down and it's enormously unfair

  3. How do you know the Singapore central bank must print money in order to make these one-time payouts? Singapore may have a budget surplus or is selling debt to citizens or foreign investors. Not all debt requires or results in money printing.

  4. People have spending habits that will not change because of an extra $300. The amount of money people have isn’t the problem. It’s more to do with how people spend their money and on what.

  5. Aside from that, giving money to the poorest, especially those with children, guarantees the degeneration of humanity, it’s negative eugenics, breeding humans for the traits of stupidity and laziness.

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