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it never really has ever recovered and probably won't until the government realizes it is the problem, you cannot use public spending to buy your way out. Their
by Shivetya 10y ago
it never really has ever recovered and probably won't until the government realizes it is the problem, you cannot use public spending to buy your way out. Their central bank hasn't been helping matters much either. Even threatening bank reserves (negative interest which when done by the central bank is in effect a tax) is there. (Some in the US want the Fed to have similar powers)
which rolls neatly into all the recent talk being floated about basic income. see there is this other neat trick with BI. Governments could roll this out as a means to put money into the hands of consumers to spend. Now if you did it short term to jump start an economy it probably would work, just the idea its happening would loosen up money supplies.