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Wednesday, July 22, 2020

Can you "get used to" $400 a month?

Whatever they come up with will be worse than the deliberately difficult situation they are currently subjecting people to.  But how much worse? This much?
Republicans are considering extending the enhanced unemployment insurance benefit at a dramatically reduced level of $400 per month, or $100 a week, through the rest of the year, sources told CNBC.
There's no technical reason it has to be worse. Technically the Fed could "mint the coin" and let us pay everybody $2,000 a month until the pandemic abates. But we don't want to do that. We'd much prefer to hurt people just because they need help.

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