[Josh Martin]
In Grgurich’s article, he discusses one of the Fed’s major policy decisions during the Great Recession, which was to purchase Treasury bonds monthly. Grgurich then goes on to explain that the amount of money spent on these policies could have been given back to the people at $56,000 per household. This would have boosted those on the bottom of the economic ladder, and could be seen as a form of a basic income.
John Grgurich, “Instead of QE, the Fed Could Have Given $56,000 to Every Household in America”, The Fiscal Times, 18 September 2014.
(Source: The Fiscal Times)
