"i like National Rainy Day Accounts much better than FLOCs."
But
" National Rainy Day Accounts seem politically harder to me than FLOCs"
" National Rainy Day Accounts require action in advance of a crisis
instead of after the crisis hits. "
"national lines of credit in times of low demand(FLOCs)
could be superseded in the long run by
a modest level of forced saving in times of high demand,
with the funds from these “national rainy day accounts” released
to households in time of recession (and also perhaps in the case of one of a well-defined list of documentable personal financial emergencies). "
now we have the full cycle
extract it then give it back
now its not a lone
its socializing inter temporal spending
the limits to this are mind boggling
make these personal accounts into a wall street field of dreams op
supply side liberal you're a hit on wall street
