That's why I was wondering about not doing that, and literally minting new cash and using handouts / UBI instead. We can't expect people to borrow money to spen

That's why I was wondering about not doing that, and literally minting new cash and using handouts / UBI instead. We can't expect people to borrow money to spend on consumption, even at low interest rates, because they'll be worried about paying it back. No wonder they always just put it into asset purchases. Give them the money no strings attached and they'll spend it. Normally the downside to that is inflation, but since that's the goal anyway it seems like a win-win.