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Handing consumers cash directly
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Don Smith
Posted 8/26/2014 21:50 (#4040491 - in reply to #4039489)
Subject: RE: Handing consumers cash directly



Centre county Pennsylvania, USA
This copy/ paste paragraph from the linked article suggests that handing consumers cash directly will probably fail to gain any meaningful traction in the United States:

"The most powerful sources of resistance to cash transfers are political and ideological. In the United States, for example, the Fed is extremely resistant to legislative changes affecting monetary policy for fear of congressional actions that would limit its freedom of action in a future crisis (such as preventing it from bailing out foreign banks). Moreover, many American conservatives consider cash transfers to be socialist handouts."
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