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I find it odd that when talking about inflation or moral hazard people bring up money spent given to individuals but not about the trillions spent given to busi
by suture 4y ago
I find it odd that when talking about inflation or moral hazard people bring up money spent given to individuals but not about the trillions spent given to businesses. I think it is immoral for a country as wealthy as the United States to have so many people with medical debt. There should be universal, almost free healthcare. The moral imperative is far more important to me than considerations about inflation.
- A4ET8a8uTh0 4y agoI dislike adding morals into this discussion. However, there is a real question of whether society in its current state can, in fact, function well. I personally would argue that right now society is very dysfunctional and that dysfunction is primarily benefiting those at the top. And the usual issue with dysfunctional societies is that they tend to fall apart. Now, reasonable person would argue that would not be a good thing even for those on the top of the pile, but clearly no one is scared enough yet. All I want is balance. That societal balance does not exist now. Hence the tension that seems to be increasing.
- suture 4y agoI very much agree overall with your observations and points. I do think though that one should always consider moral aspects to policies and decision making since peoples’ lives are affected. Making policy based on economic theory without considering moral aspects seems like a bad idea in general.
- pjc50 4y agoReminds me of my joke policy that meets many people's stated goals yet would be universally unpopular: the government should fight inflation by confiscating money from billionaires and then destroying it.
- suture 4y agoVery nice. That would abrogate the concern that taxing the wealthy is socialist redistribution. Can’t have that accusation if you just burn it!