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If the government "prints" money and immediately distributes it uniformly to the population, it benefits the poor most of all. Especially debtors. This year w
by xapata 6y ago
If the government "prints" money and immediately distributes it uniformly to the population, it benefits the poor most of all. Especially debtors.
This year was a great example. Mortgage refinancing bonanza. If inflation really takes hold, those debtors will be very happy.
> And that’s not a “rich get richer” kind of thing — the poverty rate fell. And it’s no surprise. Peter Ganong, Pacal Noel, and Joseph Vavra found that under the CARES superdole, “two-thirds of UI eligible workers can receive benefits which exceed lost earnings and one-fifth can receive benefits at least double lost earnings.”
https://www.slowboring.com/p/the-cares-superdole-was-a-huge-success https://www.slowboring.com/p/the-cares-superdole-was-a-huge-...