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> which is worse: not getting cash into the economy or having to try to claw back fraudulent dispersals The latter by far. “Getting cash into the economy” is t

• gumby 3y ago
  > We all saw the results in unprecedented inflation acceleration Please argue your point without hyperbole. Inflationary periods from the 1970s back to the gold strike shocks of the 19th century were both much larger and, in the gold standard era, faster.
• sofixa 3y ago
  > “Getting cash into the economy” is the solution to a demand shortfall recession. There wasn’t a demand shortfall. There was nothing to stimulate because everything was closed. Instead of "cash into the economy" for the sake of stopping a recession based on a demand shortfall, you should look at it as "cash into the economy" to prevent individuals who no longer had any income, and companies which no longer had customers from going bankrupt. Covering the mess of mass bankruptcies, hunger and homelessness was going to be drastically harder. Potential or real inflation are absolutely worth it as tradeoffs.
  • bradleyjg 3y ago
    We knew who had lost income vs 2019 based on tax records. How is sending money to everyone up to generous income caps, and calling them stimulus checks, consistent with you theory for the motivation of the helicopter money drop bills?