Seems like the US should have UBI at this point. How can the purchasing of junk bonds be justified but not a UBI? Give every citizen a fed bank account, type in some numbers and poof! 2k/month.
I think there is an economic argument to be made. If a company bankrupts it is difficult to start it up again and reorganize it again. It takes time. So if companies die due to lack of financing is can create a big slowdown in the economy that wouldn't be solved by UBI.
Because UBI is a permanent cash handout while this is a temporary measure that only consists of bond purchasing? Unless you think UBI should be high interest monthly loans, I don't see why you are coming up with your conclusion.
Why would the loans be high interest? Fed interest rate right now is almost 0%. In some countries the interest rates are below 0. Why do banks have the special privelage of barrowing at this rate but people don't? Its a scam!
Do you realize that a tax-free 2k/month is way above the income of 95% of the worlds population? This might work in a tiny high-price region with very little illegal migration and restrictive legal migration like e.g. Switzerland. Not for a country the size of the US tho with a entire continent south of the border looking to migrate there no matter what it takes.
