“Helicopter Ben” is currently a popular nickname of the Chairman of the US Federal Reserve, Ben Bernanke. Mr. Krugman, this year’s Nobel laureate, recently stated that it was time to “shovel money into the economy”. The question, however, is: in what way, to whom and how much? But let us turn back to the case of Serbia.
For instance, if you were to offer an interest-free loan to US Steel in order for it to maintain the present volume of operations and keep all its employees, they would decline it as that would mean producing goods not for sale but for replenishing stocks(!). The same is true for Tigar – Michelin. What these companies need are buyers, i.e.