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There's a big difference between redistributing a portion of money which falls inside the budget and "printing" trillions more that is added on as debt. Over t
by another_story 4y ago
There's a big difference between redistributing a portion of money which falls inside the budget and "printing" trillions more that is added on as debt.
Over the last few years we've also seen many people organize in their workplace and push for better working conditions. One could argue that wouldn't have been possible without the stimulus efforts.
- adam_arthur 4y agoYes, now they make $15/hour and are poorer than ever with the longest decline in real wages on record
- lovich 4y agoThey were already poorer than their parents when it comes to basics like home ownership or being able to afford children when we did nothing. Is the correct approach just to accept serfdom?
- adam_arthur 4y agoThe healthiest long term approach is to let the economy grow organically without artificially low rates or high deficit spending, and not treat marginal declines in asset pricing as a crisis. Monetary policy was used in place of where fiscal policy was warranted. But at the same time the fiscal excess was far too great over the past two years The bubble has already been created at this point, no avoiding it now.
- asdff 4y agoWhere is $15/hr a living wage? A trailer park outside Toledo? Mass media perpetuated that narrative of $15/hr being enough, not any economists.
- another_story 4y agoNot the point I was making. Stimulus allowed people leverage to push for change. The decline in real wages this year has little to do with that stimulus and has been happening over the last 40 years.