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Category : Economics

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Minting Basic Income – US Lawmaker Asks Treasury to Issue Two $1 Trillion Coins With No Debt

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The U.S. is now facing the onslaught from the coronavirus outbreak. During the last two weeks, bureaucrats have shut down multiple industries while the Federal Reserve has injected trillions into the hands of private banks....
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Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty

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The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate...
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Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal

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U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.”...
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Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical

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Andrew Yang has taken to Twitter in dynamic fashion as of late, advertising his universal basic income (UBI) proposal known as the “Freedom Dividend.” While throwing money at people out of pocket always generates a...
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Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

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To reduce the risk that additional easing may have the unintended consequence of leading to a further buildup of financial system vulnerabilities, macroprudential policies should be tightened, as warranted. The IMF is suddenly very interested...
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Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed

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Colonial-era law has been imposed in Hong Kong causing the economic situation to degrade further, with empty ATMs and bank runs becoming a new norm. Protestors and non-protestors alike fear the martial law-like ERO (Emergency...