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FX MONETARY POLICIES by Ellen Brown


Could the FED finance a Universal Basic Income?


Calls for a Universal Basic Income have been increasing lately supported in the last month by at least 40 members of Congress, but could the Federal Reserve alone do the job?


A Universal Basic Income (UBI) is a monthly payment to all adults with no strings attached, similar to Social Security. Critics say the Green New Deal asks too much of the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the resolution proposes.


70 FX TRADER MAGAZINE January - March 2019


It says funding would primarily come from the federal government, “using a combination of the Federal Reserve, a new public bank or system of regional and specialized public banks,” and other vehicles.


Te Federal Reserve alone could do


the job. It could buy “Green” federal bonds with money created on its balance sheet, just as the Fed funded the purchase of $3.7 trillion in bonds in its “quantitative easing” program to save the banks. Te Treasury could also do it. Te Treasury has the constitutional power to issue coins in


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