That's a good idea to stimulate consumer spending. A tax refund for everyone would have the same effect. But the guvmint is relying on the Federal Reserve Board to stimulate the economy through its Quatitative Easing Program. If a recession ever happens again, the Federal Reserve Board's QE program won't work since the present interest rate is already near zero.
---In FairfieldLife@yahoogroups.com, <no_re...@yahoogroups.com> wrote : One of the most simple things to do is for the government to increase the Earned Income Credit for low wage and middle income workers. ---In FairfieldLife@yahoogroups.com, <jr_esq@...> wrote : It's probably a foolish idea. If it happens, many Americans will take their money out of their banks. The Fed may be preparing for the unthinkable — negative interest rates in America https://www.yahoo.com/finance/news/feds-janet-yellen-mulls-negative-interest-rates-183711629.html https://www.yahoo.com/finance/news/feds-janet-yellen-mulls-negative-interest-rates-183711629.html The Fed may be preparing for the unthinkable — negative ... https://www.yahoo.com/finance/news/feds-janet-yellen-mulls-negative-interest-rates-183711629.html Janet Yellen arrives at the 2016 annual meeting of central bankers in Jackson Hole, Wyoming. Negative interest rates are spreading like a virus. “NIRP,” as e... View on www.yahoo.com https://www.yahoo.com/finance/news/feds-janet-yellen-mulls-negative-interest-rates-183711629.html Preview by Yahoo
