If everyone starts receiving $1000/month for more than a year (to say nothing of $2000/month all at once to kick things off), the dollar will lose purchasing power so fast it will make your head spin. So $1000 won't be $1000. What sucks is that the alternative may be even worse.
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Replying to @brianeha
It's a large enough quantity of new money to produce significant inflation?
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Replying to @realchrisrufo
Well, $1000/month for ~253 million adults would be $253 billion. Multiple that by, conservatively, 15 months (since Tlaib's proposal IIRC is for the payments to last for a full year after the outbreak is over, and we don't know when that will be) and you get $3.8 trillion.
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Replying to @brianeha @realchrisrufo
That would be on top of the proposed initial $2000 for everyone, or ~$506 billion. So now we're talking about $4.3 trillion being injected into the economy in a little over a year. And these dollars will be chasing a finite (in fact reduced) supply of goods. That means inflation.
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Thanks for the explanation. Crazy that all of the sudden these are the numbers under consideration.
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