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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We will open eventually. You couldn’t suck the excess supply then, so what’s the benefit? Real benefit to society is to increase the supply of goods. The real pain point is stuff like rents and interest
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I believe prices of some goods (eg eggs) were up 5x - 6x in some areas, but maybe less noticeable since normal average prices aren’t particularly high (such as cars)
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If they stop making cars for 6 months, then either the average age of cars will raise from 11 years to 11.5 years or 5% fewer people will own cars. Why won't prices rise?
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They can’t give away cars right now.
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Money is portable labor. If you increase the money supply w/o a similar increase in production, the value of money decreases. Inflation lags, so it's great for govt/banks who get it first, terrible for the workers who get it last.
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Because raising the price of something like toilet paper in a crisis is illegal
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Is that a fact? I would have expected people to eat the same quantities of food. Or are restaurants serving vastly different kinds of food? Or the same foods but from different sources?
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yes, but they did have TP shortages
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True. There might instead be lower profit margins and some businesses will fail. Unemployment goes up. This doesn’t mean inflation is the cause or that issuing money was either. Dilemma, support businesses or individuals...
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