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Why Central Banks Should Give Money Directly to the People

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By: Mark Blyth, Eric Lonergan
Narrated by: Kevin Stillwell
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About this listen

Most economists agree that the global economy is stagnating and that governments need to stimulate growth, but lowering interest rates still further could spur a damaging cycle of booms and busts. Instead, central banks should hand consumers cash directly.

©2014 Foreign Affairs (P)2014 Audible. Inc Economics Social Sciences
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i think it's interesting to listen to this now, almost 10 years after it has been written. if i understand the process correctly, this is proposing that governments get long term loans at low interest rates, invest them, and, at the end of the term, give the profit money to the bottom 80% of the population as benefits of various kinds, this way creating more jobs along the way, and reducing income disparity.
this sounds like a good idea, until you see how history went down, and accept that it's likely that those profits would get lost along the way in cyclical events like wars or a pandemic, or in bad investments and planning, in the end, leaving not much for those benefits. i wonder how often do 15 year investment plans go exactly as estimated...

interesting

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I am really like this audio book. nice content. excellent narration in this content.
Fantastic story

Great!

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Clearly presented but lacking more insight and counterarguments against the authors. The lack of sutch gives it the feel of a manifesto, good or bad.

Clear and concise

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