3 ms·
> I'm curious as to whether the money would ever make it into the hands of the average consumer (which is where I'm assuming it needs to go to actually cause an
by tathougies 7y ago
> I'm curious as to whether the money would ever make it into the hands of the average consumer (which is where I'm assuming it needs to go to actually cause an increase in inflation, considering how consumption-heavy our GDP is, but correct me if I'm wrong!)
If you listen to white house press conferences, Sec Mnuchin said that he and the president of the united states would like to see direct cash payments to Americans in the next two weeks.
- HenryBemis 7y agoYes of course, he/they want to "make it rain". Printing money will reduce the value of USD, but people would be filled by the cash-at-hand. In the long run that doesn't help. It may help to win elections though.
- nerdponx 7y agoKnocking $1000 off a student loan or mortgage is a nontrivial benefit.
- tathougies 7y ago> Printing money will reduce the value of USD That's really good. The fed has been trying to spur inflation to hit their 3% inflation target for many many years now. However thanks to the great economy, we haven't seen that. Printing money would sure help create much needed inflation.