The recession that is certain to result from reducing aggregate demand through interest rate increases will require direct intervention in the form of a guaranteed minimum income or #UBI. The sooner we get to that point the better off will be the vast majority of humans who need to work for a living.
Hmmm.
I slightly disagree.
Full Job guarantee is much better in both the short run and the long term then UBI.
Federal funded, but administered locally at the county level.
Of course we also need to support those that can't work.
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@corlin Some folks do need some extra help and it's not their fault usually. @dougthecoach