Fed President: We Should Have A Discussion About Guaranteed Basic Income

Source: https://www.zerohedge.com/markets/atlanta-fed-president-we-should-have-discussion-about-guaranteed-basic-income
Published: Jan 13, 2021
Author: Tyler Durden
Post Date: 2021-01-13 21:02:25 by Horse
Views: 264

"The guaranteed basic income discussion is an important one. I think that conversation is one we should continue to have and think about."

Poster Comment:

Won't work. Lockdowns and money printing increased the M1 Money Supply 90% in one year. Can't do that forever. We will reach a point where a 10% increase in the M1 Money Supply will increase inflation 20%. At that point inflation will inflict twice as much pain on the working class as the free money will benefit them.

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#1: Ira Freeman    To: Horse (#0)

There’s no such thing as free guvmint cheese!

Ira Freeman posted on 2021-01-13 21:52:45   Reply   Private Reply

#2: Lod    To: Ira Freeman (#1)

I've tired of paying for other peoples' shit.

Lod posted on 2021-01-14 01:33:31   Reply   Private Reply

#3: Darkwing    To: Horse (#0)

With this they would have almost total control of the sheeple.

Darkwing posted on 2021-01-14 08:03:18   Reply   Private Reply