ArtBear on Catodon :catodon: on Nostr: I really think #UK should have provided -very tiny amount of #QE just for initial ...
I really think #UK should have provided
-very tiny amount of #QE just for initial shock
-protected depositors not banks, FSCS
-issued it's own mortgages if necessary (with rent paid track record = mortgage payments eligibilty improvement)
-swapped QE for #UBI, stimulate bottom up not top down
I suspect the cost benefit would be multiple times better than QE across wide not solely economic metrics.
-very tiny amount of #QE just for initial shock
-protected depositors not banks, FSCS
-issued it's own mortgages if necessary (with rent paid track record = mortgage payments eligibilty improvement)
-swapped QE for #UBI, stimulate bottom up not top down
I suspect the cost benefit would be multiple times better than QE across wide not solely economic metrics.