tag:blogger.com,1999:blog-2761684730989137546.post4514012636046607481..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Jeff Spross — How to stave off a recession with a plan even a 5-year-old could understandmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-81457217521926747642016-06-10T19:30:42.064-04:002016-06-10T19:30:42.064-04:00Well, some don't like big government at any le...Well, some don't like big government at any level.<br /><br />So how about this instead: <br /><br />a) Give all citizens a default account at the Federal Reserve.<br />b) Distribute new fiat equally to those accounts.<br /><br />Now who can object to this except bank lovers since they know it spells the beginning of the end* of the system whereby the poor are forced to lend to banks for the benefit of the rich?<br /><br /><br />Still, we are closing in on the solution which is hopeful.<br /><br />*Because accounts at the Federal Reserve are inherently risk-free then what need for government-provided deposit insurance? Or other privileges for the banks?Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com