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Post by Elizabeth on Apr 17, 2020 4:45:38 GMT
This applies to the USA.
So people are supposed to get the stimulus checks of a minimum of $1,200. (I am still waiting this check)
They're trying to pass for everyone to also get $2,000 each month for the next 6 months. So, a total of $12,000. (I'll be getting this)
They're also doing hazard pay for essential workers from the Heroes Fund. That's all heathcare, grocery stores, etc. It's for $25,000 per person plus some other monetary stuff. (I'll be getting this)
So with all of this in place. How will the economy look like after this pandemic ends?
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Post by karl on Apr 17, 2020 18:18:20 GMT
It has to be financed by the US treasury selling treasury bills. I presume there aren't many foreign buyers of those as things are now, which means the federal reserve will have to buy most of them. This might lead to a substantial weakening of the US dollar, which means imported good will become more expensive. There is also a limit to how much the US can expand its money supply without it threatening the US dollar's status as the world's reserve currency.
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Post by Elizabeth on Apr 17, 2020 19:54:00 GMT
Why can't the US just go crazy on printing more money?
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Clovis Merovingian
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Post by Clovis Merovingian on Apr 17, 2020 22:33:17 GMT
Why can't the US just go crazy on printing more money? Economics 101, what you said causes massive inflation. Just printing money like crazy is a big no no. |
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Post by Elizabeth on Apr 18, 2020 0:40:56 GMT
Why can't the US just go crazy on printing more money? Economics 101, what you said causes massive inflation. Just printing money like crazy is a big no no. So debt is better into trillions of dollars? :( |
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Clovis Merovingian
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Post by Clovis Merovingian on Apr 18, 2020 3:20:42 GMT
Economics 101, what you said causes massive inflation. Just printing money like crazy is a big no no. So debt is better into trillions of dollars? :( Yes. How are you going to pay back your debt if your dollar isn't worth anything? |
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Post by fschmidt on Apr 18, 2020 4:44:53 GMT
Yes. How are you going to pay back your debt if your dollar isn't worth anything? Very easily, as long as the debt is denominated in your worthless dollars. |
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Clovis Merovingian
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Post by Clovis Merovingian on Apr 18, 2020 5:19:26 GMT
Yes. How are you going to pay back your debt if your dollar isn't worth anything? Very easily, as long as the debt is denominated in your worthless dollars. Still, the effects of hyperinflation at home would be worse and more immediate than the debt. You choose between the average person not being able to buy anything (or making it much harder to) or a crushing debt that can be staved off for now by making the monthly payments. One problem is more immediate and the effects harder to reverse than the other. |
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Post by Elizabeth on Apr 18, 2020 5:24:34 GMT
Well, if more money can't be printed faster...then everything we buy from say China will be more expensive now. Or no?
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Post by DKTrav88 on Apr 18, 2020 5:40:04 GMT
Well, if more money can't be printed faster...then everything we buy from say China will be more expensive now. Or no? Printing more money would make things more expensive all around because it would lessen the value of our dollar. Printing more money is like cutting the pie into thinner and thinner pieces. |
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Clovis Merovingian
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Post by Clovis Merovingian on Apr 18, 2020 5:41:15 GMT
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Post by DKTrav88 on Apr 18, 2020 5:47:13 GMT
This applies to the USA. So people are supposed to get the stimulus checks of a minimum of $1,200. (I am still waiting this check) They're trying to pass for everyone to also get $2,000 each month for the next 6 months. So, a total of $12,000. (I'll be getting this) They're also doing hazard pay for essential workers from the Heroes Fund. That's all heathcare, grocery stores, etc. It's for $25,000 per person plus some other monetary stuff. (I'll be getting this) So with all of this in place. How will the economy look like after this pandemic ends? Overall, handing out free money isnt going to fix anything. People need to be allowed to buy and sell freely. |
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Post by fschmidt on Apr 18, 2020 6:05:12 GMT
Very easily, as long as the debt is denominated in your worthless dollars. Still, the effects of hyperinflation at home would be worse and more immediate than the debt. You choose between the average person not being able to buy anything (or making it much harder to) or a crushing debt that can be staved off for now by making the monthly payments. One problem is more immediate and the effects harder to reverse than the other. I just answered your question. Yes the average person will be destroyed by hyperinflation, but the government doesn't care and I don't care either. The government only cares about the rich, and I only want to see America destroyed. |
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Clovis Merovingian
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Post by Clovis Merovingian on Apr 18, 2020 6:08:45 GMT
Still, the effects of hyperinflation at home would be worse and more immediate than the debt. You choose between the average person not being able to buy anything (or making it much harder to) or a crushing debt that can be staved off for now by making the monthly payments. One problem is more immediate and the effects harder to reverse than the other. I just answered your question. Yes the average person will be destroyed by hyperinflation, but the government doesn't care and I don't care either. The government only cares about the rich, and I only want to see America destroyed.  , I knew that this would be your response. |
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Post by Elizabeth on Apr 18, 2020 6:30:31 GMT
Well, getting all this money is bad and not getting all this money is bad too. So what's the better option? Plan an attack on the world by having fschmidt lead the way?
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, I knew that this would be your response.