Part 7/14:
This historical insight underscores the importance of preemptive structural reforms, with the prediction that economic strain will inevitably lead to the adoption of more permanent, asset-based income mechanisms like UBI and wealth dividends.
The Policy Response Ladder: From Immediate Relief to Structural Reform
The progression of policy measures mirrors a familiar hierarchy:
Monetary measures: lowering interest rates, quantitative easing (which has limited long-term efficacy).
Fiscal interventions: stimulus checks and short-term demand boosts.
Structural reforms: establishing permanent property-based income streams and wealth funds.