Economists only: What is the downside of printing and distributing trillions of dollars in an environment in which inflation is nil and demand is low? Who loses and when? @joshgans
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The only reason it doesn’t generate inflation is because of the new operating regime (floor system) for monetary policy whereby the Fed more directly controls interest rates. It’s a step further down the path to financial central planning.
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Still needs to be paid back. Means a decline in future spending or it has to be refinanced at higher rates.
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Or we inflate out of the debt. Seems like that’s the downside
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not if I refuse to take it in exchange for goods I created. barter system is the better option
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Sound money has many advantages over barter. Brrrrr money, maybe not so much.
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A real life experiment on modern monetary theory. Perhaps it works when we are headed toward a depression.
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But not to the people only a mere 1200, another massive wealth transfer to the 1%
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Trump been saying “zero interest”.
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