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Economic expansions don't die of old age. The current one is long for the US, but not for many other countries. That being said, it is a problem that the Fed c

Economic expansions don't die of old age. The current one is long for the US, but not for many other countries. That being said, it is a problem that the Fed can't cut interest rates any more, and Congress is vehemently opposed to any fiscal stimulus. I believe our only hope is "helicopter money," ie a UBI executed by the Fed. If the Fed gave out $2000 to everyone (or maybe just the bottom 20% of the income bracket), that could work. It would significantly help the most vulnerable and wouldn't just drive up prices on financial assets. I really think the Fed should start setting up the infrastructure for this now.

cmdrfred 10y ago
Tax the wealthy to provide subsidies for the poor, what do you think this is Switzerland? We will probably see more tax cuts for the upper quintile and some yelling about how, eventually, one day, it's all going to come trickling down.
arcanus 10y ago
> Economic expansions don't die of old age. I don't disagree, my comment was purely empirical. According to the historically observed frequency of recessions in the USA, we have gone longer than is typical.