One thought on “Piece up in The Guardian

  1. May I offer a slight refinement on this proposal? There is every chance that, especially after an economic shock, consumers will merely bank most of these extra funds. This would result, effectively, in a large part of the payment ending up in bank accounts. Ironically the same end result as regular QE.

    Therefore I offer this suggestion. Issue each taxpayer with a Central Bank credit card against which payments can be made. Credit on the card should have a short time limit – ‘use it or lose it’. Further, any such payments should be made intermittently and be large in order to encourage the public to boost spending to the maximum extent possible.

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