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I'd be interested in a UBI that is funded only by fiat, as a new tool for the Fed. Essentially giving the Federal Reserve the ability to set both interest rates
by SubiculumCode 6y ago
I'd be interested in a UBI that is funded only by fiat, as a new tool for the Fed. Essentially giving the Federal Reserve the ability to set both interest rates, and UBI rates to optimally stimulate growth and employment, and manage inflation.
- syshum 6y agoAhh yes, the moronic modern monetary policy of money printer go brrrrrr Where people seem to believe we can just create new currency from thin air in infinite quantity and it will have no negative effects This will lead the US losing its status as a World Reserve Currency, this will devalue the dollar, and at some point cause the US to have to issue a new US Dollar replacing the old one and wiping out all savings, investments, etc. but Socialist never do have a good grasp on economics
- SubiculumCode 6y agoThis is clearly a rude, and incorrect characterization of my post and position. If, Ubi was a tool of the Federal reserve, obviously the Ubi produced would be held in check to the point before which it negatively affected inflation.