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Child-care support is highly likely to be long-term anti-inflationary. Inflation happens when the money supply grows faster than the productive capacity of a c
by bryanlarsen 2y ago
Child-care support is highly likely to be long-term anti-inflationary.
Inflation happens when the money supply grows faster than the productive capacity of a country. And few, if any, things are more important for productive capacity than a young workforce.
Or think about it from the other direction. Suppose the country was "fiscally responsible" and had lots of money to support retirees. But if there is nobody of working age, then those retirees will be spending lots of money on their needs and wants. Without workers to supply those needs and wants the prices will get quickly bid up. Aka inflation.