We should give a $10,000 investment account to every newborn baby.
It's a crazy idea, but the logic and math is pretty compelling...
Here's how I see it working:
Earlier this week, I wrote a thread on the Cantillon Effect—which says that there are distributional consequences based on where new money enters the system.
It suggests that top-down monetary policy propagates inequality.
But I got a lot of questions about how to fix this...