Re:Basic income is just the beginning as Finland looks to ci...
by inopinatus on Sunday October 01, 2017 @07:05PM
(#15380423)
Yes, the useful message here is that we can indeed inject trillions into economies without overheating them, if the right conditions and structures are used.
They will be different for BI, naturally.
This is not an apples-to-apples comparison since QE (so far) has been "sterilized" so as not to increase the money supply in the same way as you are suggesting BI would:
"Also, the Federal Reserve has mostly "sterilized" its bond purchases by paying interest to banks for reserve deposits. This removes money from circulation previously added by the Fed's bond purchases. The net effect is to raise bond prices, lowering borrowing rates for mortgages and other loans, without an inflationary increase in the money supply"[1]
[1] https://en.wikipedia.org/wiki/Quantitative_easing