03-27-2020, 08:34 PM
And in case you're wondering about the case against MMT, here's Krugman's take: https://www.nytimes.com/2019/02/25/opini...nkish.html
But yes, there's a reason I've been repeatedly saying that congress should authorize the fed to send money directly to citizens for as long as it takes. There's no downside to anyone except inflation, which was too low anyway before this hit, and is probably only going to go lower and lower. May as well send the money to people directly instead of trying to trickle it down via lower taxes or discretionary spending, etc.
But yes, there's a reason I've been repeatedly saying that congress should authorize the fed to send money directly to citizens for as long as it takes. There's no downside to anyone except inflation, which was too low anyway before this hit, and is probably only going to go lower and lower. May as well send the money to people directly instead of trying to trickle it down via lower taxes or discretionary spending, etc.