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Blog: Gary Flomenhoft, “QE3 PLUS!” Vermont Commons, Wed, 12/05/2012

This blog on Quantitative Easing 3 (QE3) argues that a temporary basic income would be much more equitable and effective way to stimulate the U.S. economy. Flomenhoft finds that the $85 billion per month the Fed is buying mortgage debt and treasury bonds could finance a basic income of $270 per person per month or $3240 per year.

It’s online at: http://www.vtcommons.org/blog/qe3-plus

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