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>In everything I’ve read about direct giving, inflation is so insignificant, it isn’t even concern that’s addressed. I'm not necessarily against you here, but
by Enginerrrd 5y ago
>In everything I’ve read about direct giving, inflation is so insignificant, it isn’t even concern that’s addressed.
I'm not necessarily against you here, but I'm curious: How does your sentiment square with the fact that a significant amount of direct giving just occurred, and we seem to now have significant demand-pull inflation to the point the ports are all backed up and the fed admits to 6% inflation which we know is understated. It would seem that doesn't reconcile, especially since post-2008 loose fiscal policy and low interest rates did NOT result in significant inflation as a comparison.
- Loughla 5y agoI feel like this is an argument willfully ignoring many, many other factors than direct giving. Such as an actual global pandemic. I cannot believe that the stimulus money given to the US public has had the supply effects spanning the globe that are also partially responsible for inflation. I firmly believe doing so is a) shortsighted, b) unbelievably arrogant, and c) just plain ignorant of how the world has changed in the last 18 months. In other words, I do not believe this is as strong of an argument as you think it is. Supply chain, labor shortage, a bounce-back effect in various spending categories after a low year in 2020. All of these things absolutely must play a factor in that. Not just handing out money to people.