the people diving nose first into poverty will balance it out as they use the money for bills. imo this wont create an inflation im no economic expert tho but nether is this guy so *shrugs*https://twitter.com/TheBrometheus/status/1344007585792282627 …
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The literal definition of inflation. Super easy to look up.pic.twitter.com/vKWJblDJhN
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People don't want to hear it "Just print more" Nevermind stories of post WWI Germans burning wheelbarrows full of currency to stay warm because their government desperately inflated their economy to try to keep their country from crashing "Just print us them checks"
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a bunch of people are not making much if any income at all. this is basically their income. they put it back into the economy. your point here has nothing to do with some average person getting help and more to do with fed trying to bail out wallstreet.https://twitter.com/AnsgarTOdinson/status/1344009407445667840 …
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you are conflating things nice try tho
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Actually that would only really matter if the money was flooded into the market but that 20% rise has almost entirely gone to ~15 people who already had enough money to make it onto the top 100 wealthiest countries list and some make it into top 50.
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They mostly sit on the wealth because they physically can't spend faster then they make money even when they are trying to and what they do spend they spread out between countries as they shop in the global market so prices are only effected in the areas they buy into.
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it's a stimulus, which means the economy is stagnant and needs a push. that's the point of the checks. it won't cause inflation, you have no idea what you're talking about
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