6 acts done while being president of central bank during pandemic.
Country Wealth = Individual Wealth + Total Corporation Wealth + Wealth in stock(perceived wealth) + public Real estate wealth + Commodity wealth (gold/minerals etc.) - Country debt.
Individual Wealth = money + housing + stocks + gold.
People were in home, economy was closed. Primary thing was to keep people alive, occupied and providing small funds/necessities.
1. Borrowing from market(individuals, corporation) by issuing them bond at lower interest rate for 4 years period.
2. Allow local crypto-token circulation, which would incentivize and supports local spending.
3. Selling underutilized roads/institutions to generate tax from market.
4. Buying necessity items from source and selling through public distribution shop.
This was done in India and is a popular mechanism to give out wheat, rice to marginalized section.
No comments.