Instead of quantitative easing and interest rate reductions why wouldn’t Stimulus at Checkout (SAC) work?
What is SAC? When the Fed needs to stimulate the economy, using Point of Sale technology, SAC pays for 50 percent of purchases made by consumers at checkout.
SAC creates fewer dangerous unintended consequences than quantitative easing or interest rate tools. Money tied to quantitative easing and interest rate reductions tends to leak into creating asset bubbles. SAC creates demand not asset bubbles.
Politically, SAC is an easier sell than traditional tools. It’s popular with lower income households and business owners.
Here is a YouTube video which summarizes SAC:
Why wouldn't SAC be a better alternative to quantitative easing?