Rohan Grey – #MintTheCoin, Digital Currency, & Automatic Stabilizers: Towards a Crisis-Resilient Macroeconomic Policy Framework

In 2020, Rep. Rashida Tlaib and Rep. Pramila Jayapal, along with nine other House cosponsors, introduced the “Automatic BOOST to Communities Act” (#ABCAct), which provides direct, ongoing cash relief to every person in America, and is funded by minting a series of $1 trillion coins under the Coinage Act. In addition, the #ABCAct establishes a public digital currency system that incorporates both universal ‘FedAccounts’ and a system of privacy-respecting, Treasury-administered ‘eCash wallets’. This session explores the vision behind the #ABCAct, and its implications for improving macroeconomic resilience in anticipation of future crises.