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Free Money Idiocy: Switzerland Referendum Proposes "Free Money" Annually to Everyone Alive; US Progr

- Mish - Global Economic Analysis

Don't waste too much energy on this nutty proposal. It will go down even bigger than the dump the military referendum (73% No) a few months ago. Thanks God the majority of Swiss voters are a little smarter than saying yes to this kind of nonsense.

Commented 3945 days ago

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Beginning of the headline :People constantly ask me what it would take for me to abandon my stance that "hyperinflation is not going to happen in the US". My answer has always been "free money" (not credit), on a big enough scale. Note that QE causes huge economic distortions but it is not "free money". Free Money Proposal In Switzerland, enough signatures have been gathered to put a "free money" proposal on the ballot. To collect, all you have to do is breathe. Rich and poor alike would get the money. New York Times... Read More

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