Some Suggesting The Federal Reserve Pump Money Directly Into Americans Bank Accounts
Print Money. Mail Everybody a Check.
Fight unemployment by giving money directly to American families.
"America has grown desperate for smart ideas to revive a flagging economy. Sunday night in the Financial Times I read one of the most desperate: an op-ed by UCLA economist Roger Farmer arguing that the Federal Reserve should deliberately re-inflate a new asset price bubble to goose the economy....We should do something much simpler: print up a bunch of money and send it to American households.
"Ben Bernanke himself famously argued years ago that a central bank should never run out of tools for fighting deflation and depression because, as a last resort, it could always drop cash out of helicopters. That would be fun to watch, obviously, but mailing checks would be a lot simpler..."
Economics 101: Production, coercion and theft
Economics 101: Production, coercion and theft
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