4 ms·
I think you don't understand how money works. Probably in the short term, you are right even though empirical evidence suggests that in hyperinflation scenarios
by LukaAl 10y ago
I think you don't understand how money works. Probably in the short term, you are right even though empirical evidence suggests that in hyperinflation scenarios luxury good price increases less than other normal and necessity goods.
In the medium term, you have to ask yourself who is able to capture this money. Not for sure the homeless that has no means to start with. Probably will be captured by the people that control directly or indirectly the manufacturing means. So the rich will be the one capturing most of the helicopter money.
The reason is that money is not capital. Money by itself does not produce value. One of the most effective ways to increase social mobility is by investing in education because allows people to acquire social capital that they could invest to generate real capital and then money.