In its annual report, the European Central Bank has proved that its quantitative easing programme increased the wealth of the richest.
This piece published on Basic Income Network dispels the confusion between basic income and helicopter money.
ECB could inject a quarter as much money and distribute €1,000 to all adult citizens in the eurozone.
By signaling its commitment to look at all options before deciding to increase its quantitative easing programme, the ECB has shown some sheds of wisdom. But it is still narrow-minded in its diagnosis of the effectiveness of quantitative easing and its forecasts are far too optimistic.