Tim Knowles
Aug 8, 2017 · 1 min read

It appears that you don’t understand the difference between Fiscal Policy and Monetary Policy. The Treasury does not change the money supply the Federal Reserve does. The Treasury must borrow existing Dollars to pay for the expenses that the Congress approves, this is Fiscal Policy. The Federal Reserve creates new dollars (electronic dollars, just numbers in a ledger) they do this in different ways. This is done through Monetary Policy like Qualitative Easing. Yes, the Treasury does print money but that is just to meet the needs for currency does not change the money supply and is neither Fiscal or Monetary, just currency. I think I understand this better than you and I am just a novice.

That said I support UBI and the how to pay for it will be a matter of picking winners and losers just like anything done by the Federal Government. Sadly I would expect that Congress would make policy for UBI a massive win for the Rich. They will get the Middle Class to pay for it.

We need to do UBI and soon along with Medicare for all but I am not holding my breath. Oh, I am a Republican and a Deficit Hawk but we can do these things and pay for them and stop the deficit spending but the Rich refuse to Make America Great, they are just too greedy, they want the Middle Class to pay the bills.

TEK

    Tim Knowles

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    Worked in our nations space programs for more than 35 years