The Policy Discussion

Keynesian thought is making a comeback in the policy world as well. Here we’ve collected information on current policy proposals that draw on Keynesian ideas about income inequality, aggregate demand, the importance of the state as a source of investment, and the role of central banks in the economy.

Fed Reform

Helicopter Money
Maxine Waters (D-CA)
David Beckworth

The “Fed Up” Campaign
Reform Fed Governance to be more Public and Diverse

Governance and the Constitution
Peter Conti-Brown

State and Local Debt Funding Reform
Skanda Amarnath and Alex Williams



Automatic BOOST
Representative Rashida Tlaib (D MI)
Prepaid cards, $1000 a month to every citizen, paid for by minting two $1 trillion coins

Budget Neutral UBI
AEI Proposal

The Freedom Dividend
Andrew Yang’s Proposal

Stockton CA Pilot Program
Experimental program
100 residents, $500/month for 18 months

Y Combinator Pilot Program
Experimental program
3,000 residents across 2 states for 3 years

Chicago Pilot Program
Experimental program
1,000 residents, $1000/month for 18 months


Lynn Stout, Sergio Gramitto, and Tamara Belinfanti Influence and Income to All: Citizen CapitalismJose Antonio Noguera, Yannick Vanderborght, Karl Widerquist, Jurgen De Wispelaere A Anthology of Current Research
Erik Brynjolfsson and Andrew McAfee The second machine age
Phillipe VanParijs Basic Income: A Radical Proposal (and book review)
Martin Ford Rise of the robots
Andy Stern and Lee Kravitz Raising the Floor
Nick Srnicek and Alex Williams Inventing the Future


Samuel HammondNiskanen CenterNegative Income Tax vs UBI explained
OECD Policy NoteHow to Pay for a UBI
Charles MurrayUBI as a replacement for the Welfare State
Annual Review of EconomicsSeven scholars summarize the issues
Aziz DriskellWharton Business SchoolA Closer Look at UBI
Wiederspan et al.University of MichiganA Negative Income Tax Reconsidered
Damon and Marinescu The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund
Ioana MarinescuUniversity of PennsylvaniaNo Strings Attached: The Behavioral Effects of U.S. Unconditional Cash Transfer Programs
Steve Randy WaldmanPerspectives on a Universal Basic Income

Job Guarantee

Pavlina R. Tcherneva
Levy Economics Institute
Operational Proposal

Mark Paul et al.
Center on Budget and Policy Priorities
Policy Report

Marshall Plan for America
Center for American Progress
Policy Justification and Outline


Muralidharan et al. UC San Diego and UV Randomized experiment with JG in India
Sinduja Srinivasan RAND Corporation Effects of Indian JG on entrepreneurship

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