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Not just covid, but also the huge cash printing at the time. The average person on the street saw very little of that. In the UK it has basically been a massiv
by Havoc 2y ago
Not just covid, but also the huge cash printing at the time. The average person on the street saw very little of that.
In the UK it has basically been a massive injection of inequality.
- orwin 2y agoYeah, the issue is how the cash was spent, who it was given to. I'd rather have money printing be used for long-term investments, all things being equal. But if it can be done, I'd rather inject it in the real economy rather than in the stock market and second-hand real estate. Multiple things could have been done to do that. Rent freeze + automatic social security payments (rather than paying the business, you pay the now inactive employees until the economy starts again) would have been great.
- Zenst 2y agoExactly- trickle-down economics does not work, it's trickle-up that was the overlooked and needed solution. Universal basic income, known as UBI is one tool to enable this. Removed inequality and equally, restores dignity and makes benefits and the lambasting and disdain of those in that position a thing of the past.