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In fact, I think quite a few of those who talk about "pure money financing" of the deficit are really talking about a fiscal stimulus.
BBC: Should Bank start the helicopter?
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Presumably, supporters of money financing would like the policy to be reversed or slowed down if it looks like it is simply creating inflation, with little or no positive impact on real activity.
BBC: Should Bank start the helicopter?
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For Prof Miles, the only real difference between QE and even more "unconventional" money financing is that, with QE, the terms on which the money is created "are flexible and sensitive to inflationary pressures" - whereas in the case of a helicopter drop, the terms are more open.
BBC: Should Bank start the helicopter?