#38: Danielle DiMartino Booth On The Future Of The Federal Reserve
Superinvestors and the Art of Worldly Wisdom
The Fed's Failure to Monetize the Debt
Sally Kohn: It gives Congress an open checkbook and allows policymakers to put off making hard choices that budgetary constraints would otherwise force. She says we took universal basic income on a test drive by throwing an extra $600 per week at unemployed Americans. "We're sitting in the dealer financing office right now signing up for it (UBI) So it appears that this is going to work out just fine," she says. But if you go for this big gamble that says the US government can borrow whatever it wants, there will have to be a Janet Yellen takeover of the Fed said Kohn.
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