Comment Comment by JumpCrisscross > Give everyone a checkThe Fed doesn’t have the legal authority to do this. That’s why the Congress is passing stimulus bills.The Fed is focussing on our liquidity problem. That keeps solvent companies from going under due to illiquidity.Congress, and helicopter money, are needed to solve the solvency problem prompted by demand destruction. parent JumpCrisscross 6 years ago
The Fed doesn’t have the legal authority to do this. That’s why the Congress is passing stimulus bills.
The Fed is focussing on our liquidity problem. That keeps solvent companies from going under due to illiquidity.
Congress, and helicopter money, are needed to solve the solvency problem prompted by demand destruction.