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> If you want to actually help the economy you helicopter drop stimulus checks. The lower 95% spend more money when they have more, the top 5%/1%/.01% don't see
by chordalkeyboard 6y ago
> If you want to actually help the economy you helicopter drop stimulus checks. The lower 95% spend more money when they have more, the top 5%/1%/.01% don't see a meaningful difference in their spending power.
They spend it on consumption and bid up the price of inputs while the people who own the businesses collect profit. I’m not sure thats any better than what the govt is doing now.
- JoeAltmaier 6y agoPeople can eat? And when demand increases, temporarily prices may spike. Usually in a free market, supply increases and price can go down. That's pretty fundamental.
- chordalkeyboard 6y agoYes, in a free market. This is a pandemic shutdown, not a free market and not the mixed economy it was before the shutdown. So the price increases, and profit increases, but only certain people are able to fill that demand while others are forced to remain idle along with their capital. Therefore businesses and people whom the government allows to work will make more money, and the stocks of inputs deplete because the businesses who replenish those stocks are operating at 50% capacity, and the baseline prices go up. This is all fundamental, I agree. > People can eat? Figure out how people can eat without someone working to produce and deliver that food and you can solve a lot of problems.
- JoeAltmaier 6y agoCuriously, a Finnish company is making protein at point-of-use. e-food!
- chordalkeyboard 6y agoSolar Foods does look promising!