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Friday, April 24, 2020

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Bob Belovich

Jeff

Thank you for making this post and thanks to the authors for this timely and informative article. I encourage everyone reading this blog to read the whole article. Here are two more ideas that Congress should consider:

1. Reauthorize and redevelop the Postal Bank. Bills to do this are before both houses. The bank can provision a simple bank account for every person with a SSN. This will simplify, expedite and reduce the cost of distributing money from the U.S. Treasury to U.S. citizens.

2. Distribute more money directly to small businesses, through the IRS. Nathan Tankus has outlined this approach here. https://nathantankus.substack.com/p/why-dont-we-just-provide-an-emergency

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