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

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. Bipartisan members of Congress have been penning a 2020 stimulus plan, as the government may send $1-2K to every American on a monthly basis until the covid-19 hardship ends. On Saturday, Michigan Democrat Rashida Tlaib, with the help of Modern Money Network Rohan Grey, proposed a plan that will allow the U.S. Treasury to mint new coins that don’t cause any debt to taxpayers.

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Michigan Democrat Unveils MMT-Backed Universal Basic Income Concept for Americans Dealing With Covid-19

The entire world faces an economic recession due to the covid-19 virus that has been infecting nearly every country. In response to the pandemic,…