This article by Mark Blyth and Erik Lonergan in the latest Foreign Affairs issue makes the case that central banks should issue money directly to citizens as a countermeasure whenever there is a threat of recession.

It echoes arguments that many Feasta members have been making for some time. See for example Richard Douthwaite’s 2011 article “Deficit Easing: and alternative to severe austerity programmes in the Eurozone”. The FAQs at the end of Richard’s article are particularly helpful as he succinctly explains why inflation should not be considered a significant threat in the current economic context.

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