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I know that inflation (exclusive of higher education and housing) has been pretty low for a while. But I feel pretty confident in saying that if you just airdro
by asdfasgasdgasdg 7y ago
I know that inflation (exclusive of higher education and housing) has been pretty low for a while. But I feel pretty confident in saying that if you just airdropped $1M or so into each household, that would cause significant inflation in ~whatever~ people decided to spend the money on.
- lumberingjack 7y agoAnd now door dash delivery costs $50 per order.....
- rrrrrrrrrrrryan 7y agoNot necessarily the worst thing in the world, as long as wage growth keeps up with inflation. (Huge caveat, I know.) Inflation is both criticized as a wealth-transfer from savers to borrowers, and praised as a wealth-transfer from the rich to poor (or the old to the young, etc). But there's also a time element to it, so in reality it's a release valve that causes idle wealth to slowly evaporate, and overly burdensome debt to slowly become more manageable with time, and it's why most economists agree that a bit of inflation is healthy to encourage the productive use of assets.
- asdfasgasdgasdg 7y agoSome inflation is fine, and good. Giving the median American money equivalent to a decade of their income is not going to cause just some inflation, though. I'm talking about instantly doubling the price of housing in many cities. Instantly doubling the price of college, etc. It would be extremely disruptive.