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Because UBI is a permanent cash handout while this is a temporary measure that only consists of bond purchasing? Unless you think UBI should be high interest mo
by mardifoufs 7y ago
Because UBI is a permanent cash handout while this is a temporary measure that only consists of bond purchasing? Unless you think UBI should be high interest monthly loans, I don't see why you are coming up with your conclusion.
- deevolution 7y agoWhy would the loans be high interest? Fed interest rate right now is almost 0%. In some countries the interest rates are below 0. Why do banks have the special privelage of barrowing at this rate but people don't? Its a scam!
- mardifoufs 7y agoThe high yield bonds the FED is buying are high interest. Also the banks have access to those low interest rates because they usually have collateral.