Why stimulus? Why Helicopter Money?
The US attempted Stimulus after the Fiscal crash of 2008. It was too little. It circulated among known contractors , those who influence local and State governments. $12B went to NEW YORK STATE creating 10,660 jobs. This was a typical distribution of funds for all states. Crony Capitalism got the money. The Middle Class did not participate in the “stimulus”.
I’m convinced only a direct cash payout is appropriate, ” we the people’ benefit directly!
QE funds , according to many, has been proposed to eliminate Student Loan Debt. Why this may not be a best use of funds. The student loan program is in default by $500 Billion and may implode. 2nd a huge percentage of these loans should not be repaid because “for profit” universities committed fraud. Third would we want to pay down student loan debt in full or at a deep discount? This is a program that’s broken and requires review not a full bailout?
Helicopter Money makes the most sense to me. Are you willing, dear followers, to help me sell this idea? This could be a panacea for low stagnant growth here and globally. Be vocal. We have a voice. You have a choice .
Love the Fed collect $25,000. It would be in our best interest to Resurrect the Middle Class. Wouldn’t it be a relief to dream big dreams again!
See you at 11am.
“the heart and pulse of the Middle Class”