Re: Proposed Bill Would Give Americans $2,000 A Month Until Economy Recovers
more helicopter money on the way?! everybody over age 16 would get $2k/month, no questions asked:
could this pass? 17 co-sponsors and counting. i never thought UBI would be on the table so soon, but with the economy on the verge of collapse, unemployment skyrocketing, social unrest around the corner.....it doesn't seem impossible anymore.
thoughts? what are the limits of money printing?
could this pass? 17 co-sponsors and counting. i never thought UBI would be on the table so soon, but with the economy on the verge of collapse, unemployment skyrocketing, social unrest around the corner.....it doesn't seem impossible anymore.
thoughts? what are the limits of money printing?
You cant really call it an UBI if it is just a temporary. UBI is a regular pay that happens every month. Problem is that we have no ideas how ling countries will be locked down and how much GDP will drop in 2020. Helicopter money is one way to prevent total crash. But helicopter money is useless if country is still locked down. Since then people cant locally spend money. They will stack it or spend online and then helicopter money will lose all effect.