4 ms·
It would be inflationary to the currency. I don't think "inflation" applies to individuals, it's about the exchange rate of one unit of currency to goods and se
by ajmurmann 4y ago
It would be inflationary to the currency. I don't think "inflation" applies to individuals, it's about the exchange rate of one unit of currency to goods and services. I think you might be conflating "inflationary" and "making poorer"
In this case the currency would br hugely inflated, but it would only harm people who didn't get the payment. This might lead to everyone getting a million dollar. Now a carrot might cost $50 which doesn't matter, because you got a lot more dollars.
Inflation is a problem when the costs of different things, especially wages, don't increase at the same rate or you have a lot of savings in cash.
- kodah 4y agoI didn't see your reply until today, but I believe you're spot on with my understanding. Thanks for the breakdown.