It actually isn't a point that
is made often enough, as I think all right thinking people believe the world might collapse if we all really believe that central banks can just print up a bunch of money and hand it over to governments to pay their bills. And there isn't even any reason for a one-time giant helicopter to drop to be inflationary, even aside from the fact that we aren't likely to get inflation in the middle of a recession. Unless the money drops continued, the price level wouldn't continue to rise.
