3 ms·
CA isn’t printing money. If they don’t use it for this it will be used for something else. Now perhaps specifically this use of money is especially bad but it’s
by zeroonetwothree 4y ago
CA isn’t printing money. If they don’t use it for this it will be used for something else. Now perhaps specifically this use of money is especially bad but it’s not obvious that’s the case.
- notch656a 4y agoIn effect they are. When you gain the stimulus money from progressive taxes but return the money in a relatively flat (less progressive) way (like $X dollars for everyone meeting a fairly common threshold) then the velocity of the money changes. When goods/service/estate remains equal, change in velocity and change in money printed both have the inflationary/deflationary response.