An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, February 26, 2020
Zero Hedge — Hong Kong Embraces Helicopter Money - Govt Gives Every Adult Citizen HK$10,000
Yo in May 2008 the Bush/Chaney admin sent every US tax payer a check for $650 via increased US Treasury issuance...
ReplyDeleteAlready happened.... $165B total operation...
Working from the premise that ALL fiat creation should be for the general welfare, not the private welfare of the banks and the rich, then:
ReplyDeleteALL fiat creation beyond that created by deficit spending for the general welfare should be via an equal Citizen's Dividend.
But who cares about justice?