3 ms·

But what if we handed the printed dollars to a large number of individuals to spend immediately to cover their income shortfalls in unprecedented government lar

• notJim 5y ago
  If it's covering an income shortfall, it doesn't seem like that would cause inflation. If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation. From what I understand, much of the stimulus money was saved. https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT
  • willcipriano 5y ago
    > If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation. That $2k a month that you used to earn is still out there somewhere unaccounted for.
  • nly 5y ago
    Except the money you would have been paid previously still exists somewhere and will go somewhere else.
• gizmo385 5y ago
  Then those people largely spend it on essentials, don't lose their housing, and don't starve to death.
  • RhysU 5y ago
    My point was about the money supply not ethics or morality.