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Consider the fact that for some time, the quantitative easing program has been "printing" $80 billion per month by buying US treasuries from wealthy people / fi
by plurinshael 13y ago
Consider the fact that for some time, the quantitative easing program has been "printing" $80 billion per month by buying US treasuries from wealthy people / firms. Say what you will about the necessity to print money, strategies about monetary policy, etc, this unequivocally creates an artificially high demand for these assets in a way that wealthy firms are able to generate profit from.
If we're giving away money, let's give it to people whose marginal propensity to consume goods and services is double or triple to whom we're giving it now.
I realize we have now "tapered" our buying down to $65 billion a month. For reference, using US census data for adults 18 and over, 65bil / 240mil = $270 per month. It's not a living wage, but a great majority of recipients would immediately inject that money back into the economy.
- sharemywin 13y ago...consuming goods which would increase prices. prices would go up because they would need paid more to do their jobs(think service industry cause they ain't doin' it cause they like it).
- ThomPete 13y agoAgain, technology drives prices down not up.