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I'm no economist, but injecting that much money that fast into an economy opens a whole new can of worms with inflation and currency devaluation right?
by yazan94 7y ago
I'm no economist, but injecting that much money that fast into an economy opens a whole new can of worms with inflation and currency devaluation right?
- LadyCailin 7y agoYes, but the net value is increased. It’s because giving $20 to a homeless person has a different effect than giving $20 to Jeff Bezos. The homeless person goes and spends it immediately, whereas Jeff Bezos’ spending habits won’t meaningfully change because of that.