Great article. I’m no expert but I was under the [perhaps mistaken] impression that helicopter money does not just constitute QE? That is I understood it to also mean direct investment by central banks to the private sector (not just incentives but actual direct monetary supply) and that it was an extension of QE?
Nevertheless, the article shows great insight into monetary policies vs. fiscal policy and I learnt a great deal. Thank you for sharing and look forward to your future posts.