This article, published in Foreign Affairs, argues that the most effective way for current governments to stimulate the economy is to give money directly to citizens. The article reviews the historical impact of various fiscal policies in many different countries and concludes that an innovative and effective stimulus policy in the event of a recession is a basic income.
Mark Blyth and Eric Lonergan, “Print Less but Transfer More: Why Central Banks Should Give Money Directly to the People.” Foreign Affairs. September/October, 2014.
