Government Gift Cards
Government Gift Card Rant #22 ( Opinion ) April 3, 2020 Automatic stabilizers for recessions makes the most sense as a policy in order to smooth out economic slowdowns. That concept means that basically as soon as the markets show signs of slowing, the federal government automatically disburses checks of a set sum until a recovery begins. It would not replace things like unemployment insurance, but rather serves as a way to put extrra capital in the pockets of Americans. Then, when the economy gets going again, the Federal Reserve would take the training wheels off, so to speak. Failing that (or even as a way to augment it), I have an idea for future US stimulus checks. We should send people gift cards, essentially, the value of which expires at the end of the fiscal year, or 365 days later or something. Maybe people get one every month and the value goes down by 10% each month it is unused, expiring entirely at the end of one year or 18 months. In a scenario with no autom