I propose means of immediately converting the Department of Treasury's existing 'TreasuryDirect' system of freely available transaction accounts into a publicly administered digital savings and payments platform. A platform of this type is an essential public utility in any commercial society...

The Coronavirus pandemic calls for both emergency supply-side productive mobilization and demand-side spending support measures. Measures of the latter kind are fortunately now under discussion in Congress. What remain to be developed are two things: first, complementary supply-side measures –...