RE: The End Of Jobs... UBI

You are viewing a single comment's thread from:

The End Of Jobs... UBI

in busy •  6 years ago 

Central banks have basically run out of tools to fight the next financial crisis. Quantitative Easing went to the banks and the 1%.

Interest rates are already low. Other than going negative (insane BTW) like some sovereign debt, there’s not much they can do on that front.

The next time a financial crisis hits (another year at most?) , they’ll resort to helicopter money. They won’t call it UBI, but the effect will be the same.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!