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I like how the Swiss National Bank gives dividends to the cantons. Its shares are also publicly traded. I really like that kind of interaction with the govern
by ringaroundthetx 9y ago
I like how the Swiss National Bank gives dividends to the cantons.
Its shares are also publicly traded.
I really like that kind of interaction with the government and could support something like that in the United States, more so than illiquid municipal bonds or boring treasuries.
The Federal Reserve makes a great profit with its unprecedented position and influence in the global markets, and should be able to do this with greater efficacy than the Swiss National Bank. It could result in an avenue to accomplish universal basic income at state or municipal levels or through a variety of other programs that are recipients of FRB payouts.