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I think this is silly. The idea behind this is to induce demand, but there isn't a lack of demand due to lack of purchasing power. People aren't spending becaus
by missedthecue 7y ago
I think this is silly. The idea behind this is to induce demand, but there isn't a lack of demand due to lack of purchasing power. People aren't spending because they aren't leaving the house. (which, in the case of a pandemic, is a thing to be encouraged)
I sincerely doubt that giving everyone a thousand bucks will save the restaurants and bars and movie theaters and retailers and cruise ships and hotels and airlines etc...
- vishaalk 7y agoPeople lost their jobs and therefore their income, so there was a material loss in demand.
- xxandroxygen 7y agoYou're right, a thousand bucks a person won't save those things. But the people who /were/ working at those restaurants/bars/etc now have a way to buy food for the month. People aren't leaving the house but they sure still need to spend on food, rent, basics.