Re:One way to fight a coronavirus recession: $1k for every A...
by whack on Monday March 16, 2020 @12:52PM
(#22594412)
The fed's job is literally to control the money supply, which includes expanding it at certain times. Currently they are doing it through various transactions and loans conducted with other banks. The proposal is to simply give cash to citizens instead.
Saying that this will lead to inflation is moot - this proposal will only take effect when inflation is explicitly desired.
Saying that this will lead to inflation is moot - this proposal will only take effect when inflation is explicitly desired.
https://www.investopedia.com/articles/08/fight-recession.asp