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The Inquiry
Should Governments Drop Money Out of Helicopters?
The Inquiry
Dec 8, 2015

Imagine waking up one morning to the sound of a helicopter overhead. You look out and see that packages are being dropped in front of the homes of everyone on your street. You race downstairs, and tear open your package. Inside? Exactly $10,000 in new bills. A gift of freshly-printed money from your government – no strings attached. What would you do? Economists hope you would go out and spend – and that your spending would help kick start the post-industrial economies which many fear are grinding, inexorably, to a complete halt.

We explore whether so-called “helicopter money” (more likely, money would simply be wired to your account) really is a solution to the problem of a low- or no-growth future. Our expert witnesses include: Adair Turner, the former head of Britain’s Financial Services Authority, who is prescribing just such economic medicine; Mohamed El-Erian, chairman of President Obama's Global Development Council; Professor Barry Eichengreen of Berkeley University in the United States and Richard Koo, formerly of the Federal Reserve Bank of New York and an economic advisor to successive Japanese governments. Presented by Linda Yueh.

(Photo: Helicopter at G7, Credit: Getty Images)

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Should we mine the Moon?

The recent Nasa Artemis II crewed mission to the far side of the Moon is a further step towards a long-term return to the lunar surface and future missions to Mars. The plan is that before the end of the decade there will be a crewed landing and the start of a Moon base. China is among those developing similar plans. Previous missions both crewed and uncrewed have provided evidence of resources that potentially could be of use here on Earth, and support human life on the Moon.

So, it’s not just the race to the Moon that’s capturing the world’s attention, but also the possible economic benefits that that might bring with it. The Moon’s surface or lunar regolith contains volatiles like hydrogen, carbon dioxide and methane. There is evidence of minerals such as silicate and oxides and metals like aluminium and titanium, which could be extracted for building materials. And something that is rare on Earth, Helium-3, a potential resource for clean fusion energy. Governments in conjunction with private corporations are already working on the technology to extract these resources.

Concerns have been raised about the potential damage to the Moon, not only in terms of the depletion of its resources, but in terms of its scientific value and its cultural heritage. Protection ranges from established treaties that prohibit ownership of the moon, to national laws that permit resource extraction. But to date, there is no universally accepted international law in place, which explicitly permits or prohibits lunar mining.

So, this week on the Inquiry, we’re asking ‘Should we mine the Moon?’

Contributors: Dr Dylan Mikesell, principal geophysicist, NGI-The Norwegian Geotechnical Institute, Oslo, Norway Dr Justin Holcomb, assistant research professor, Kansas Geological Survey, University of Kansas, USA Prof Dr Thomas Zurbuchen, director of ETH Space, Swiss Federal Institute of Technology, Zürich, Switzerland Dr Tanja Masson-Zwaan, assistant professor and deputy director, International Institute of Air and Space Law, Leiden University, The Netherlands

Presenter: William Crawley Producer: Jill Collins Editor: Tom Bigwood Sound engineer: Nicky Edwards

(Photo: The Moon. Credit: Reuters)


23min 57sec



Should Governments Drop Money Out of Helicopters?

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