“The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them. The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary.”
Simon Johnson, former chief economist at the IMF quoted in the Telegraph: IMF poised to print billions of dollars in ‘global quantitative easing’ via GregorMacdonald

Notes