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You wouldn't want it. The Bidenbucks you get in a crisis would be the expiring money. It would force you to go spend it on food to keep your local restaurants a

You wouldn't want it. The Bidenbucks you get in a crisis would be the expiring money. It would force you to go spend it on food to keep your local restaurants alive, or replace your phone to keep the factories running, etc. Instead we all got $1200 and pumped it into Doge, some EV SPAC, or similar speculative "investments".

MrPatan 5y ago
Why wouldn't the expiring bidenbucks be spent on Doge?
- iamacyborg 5y ago
  Presumably, the money expiring would put a downward price pressure on something like Doge as no one could afford the newly inflated price
- imtringued 5y ago
  The seller gets bidenbucks. What is he going to do with them? Buy Doge?
  - dskloet 5y ago
    If they remain bidenbucks when spent, why would any merchant accept them for anything?
dmantis 5y ago
But this is my money then, isn't it? My property - my rules. If I have enough money without this check due to personal savings and economy, it would be pretty much unequal and unfair situation if I won't get anything from this helicopter money (making it expire) and some guy who got himself several debts for parties and travelling will get help. Let's say that people actually spend money given to them, but invest their remaining saving into investments, if that make someone feel better. If I have my own 1200USD and get "expiable" 1200USD for free - it doesn't matter which one I spend, technically.
matheusmoreira 5y ago
Why wouldn't people immediately trade this expiring "money" for any other currency, precious metal? Even memecoins are better than holding currency that's guaranteed to disappear. This is government-enforced consumerism. Nobody wants to be forced to buy random stuff they don't need just to keep some struggling businesses alive. Saving or investing this money is a much better decision.
- hahaxdxd123 5y ago
  Because you can't? Every purchase would be coded like they already are with credit cards. You can spend it only on the right category. Good luck trying to launder it when every transaction is logged and easily queryable. "Government-enforced consumerism" sounds an awful lot better to me than picking winners and losers like in 2008 or massive stimulus that did nothing but boost asset prices like 2020.
  - dskloet 5y ago
    > Because you can't? You could make informal trades where you pay for something someone else would have already bought and give them a small discount. Or just buy something and resell it immediately.
  - matheusmoreira 5y ago
    > Because you can't? > Good luck trying to launder it when every transaction is logged and easily queryable. I buy something for someone, they pay me back in normal money or XMR.
    - hahaxdxd123 5y ago
      Cool! The money was still spent on a good or service like it was intended.

MrPatan 5y ago

Why wouldn't the expiring bidenbucks be spent on Doge?

iamacyborg 5y ago
Presumably, the money expiring would put a downward price pressure on something like Doge as no one could afford the newly inflated price
imtringued 5y ago
The seller gets bidenbucks. What is he going to do with them? Buy Doge?
- dskloet 5y ago
  If they remain bidenbucks when spent, why would any merchant accept them for anything?

dmantis 5y ago

But this is my money then, isn't it? My property - my rules. If I have enough money without this check due to personal savings and economy, it would be pretty much unequal and unfair situation if I won't get anything from this helicopter money (making it expire) and some guy who got himself several debts for parties and travelling will get help. Let's say that people actually spend money given to them, but invest their remaining saving into investments, if that make someone feel better. If I have my own 1200USD and get "expiable" 1200USD for free - it doesn't matter which one I spend, technically.

matheusmoreira 5y ago

Why wouldn't people immediately trade this expiring "money" for any other currency, precious metal? Even memecoins are better than holding currency that's guaranteed to disappear. This is government-enforced consumerism. Nobody wants to be forced to buy random stuff they don't need just to keep some struggling businesses alive. Saving or investing this money is a much better decision.

hahaxdxd123 5y ago
Because you can't? Every purchase would be coded like they already are with credit cards. You can spend it only on the right category. Good luck trying to launder it when every transaction is logged and easily queryable. "Government-enforced consumerism" sounds an awful lot better to me than picking winners and losers like in 2008 or massive stimulus that did nothing but boost asset prices like 2020.
- dskloet 5y ago
  > Because you can't? You could make informal trades where you pay for something someone else would have already bought and give them a small discount. Or just buy something and resell it immediately.
- matheusmoreira 5y ago
  > Because you can't? > Good luck trying to launder it when every transaction is logged and easily queryable. I buy something for someone, they pay me back in normal money or XMR.
  - hahaxdxd123 5y ago
    Cool! The money was still spent on a good or service like it was intended.