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Everyone is much too focused on UBI. We need the payment rails in place first. Master accounts at the Fed gets us to a DCBC and the option of UBI.
by thoughtstheseus 5y ago
Everyone is much too focused on UBI. We need the payment rails in place first. Master accounts at the Fed gets us to a DCBC and the option of UBI.
- landemva 5y agoThe rails exist as SNAP EBT, which is already used for food and cash. No need to further empower the private central bank.
- thoughtstheseus 5y agoUsing SNAP rails sounds ineffective. SNAP is collection of state run programs. No thanks. My proposal reallocates “power” away from commercial banks to a broader swath of people and providers.