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Fiscal policy is what we call government spending and taxation. Monetary policy is what we call it when the central bank participates in financial markets to influence private-sector lending and borrowing.

So, where does our money come from? Does it come from the government (fiscal authority) or is it the central bank (monetary authority) that creates our dollars? How does basic income to fit in? Is it a form of fiscal policy or monetary policy? Can it be both? Is it neither?

For optional reading this week, we have an article by Brent Schrotenboer in USA Today from May of this year entitled "US is 'printing' money to help save the economy from the COVID-19 crisis, but some wonder how far it can go."

https://www.usatoday.com/in-depth/money/2020/05/12/coronavirushow-u-s-printing-dollars-save-economy-during-crisis-fed/3038117001/

Previous related Boston Basic Income topics have included:

https://youtu.be/7yeCPXouq0s — BBI #46: The Treasury and the Fed
https://youtu.be/xsfMmCXLgnQ — BBI #90: Natural Rate of UBI
https://youtu.be/_uWVbG6Yezc — BBI #117: Sovereign Money

You can access the Zoom meeting here:
https://zoom.us/j/402968564

We will start and end the discussion by going around the room to get everyone's opening and closing thoughts.

If you'd like to speak at another time, click the "raise hand" button on the "Participants" tab. Alex will unmute you when it's your turn.

Send Alex a message via Zoom chat to let him know if you'd like to follow up on something specific.

Starting at 7pm, we will make introductions and establish parameters for the discussion. The YouTube live stream will begin at 7:10pm.

The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form the following day:
https://anchor.fm/bostonbasicincome

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