but the charges were apparently not worth the Globe's attention (the National Post did, but the article does not provide details). Instead, they chose to reprint a crazy, stupid article from Reuters. The author of the article is worried that current monetary policy is not effective in increasing consumption and suggests that "Instead of printing money to buy bonds, the Fed could print money to
give to citizens." She says that "The suggestion is not as crazy as it might seem."
Indeed, it is much crazier.
Ask yourself the following question: what would happen if the central bank printed money and gave it directly to households? Who will if provide work for?
Answer: the printer. Also the paper maker and the ink producer, as well as the distributors of the cash.
Printing free newspapers will be more effective.
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