Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by meerita on Monday October 26, 2020 @04:30AM
(#24893921)
You don't need to print money. The measures of injecting money for consumption never work. There are too many precedents, the best, I think, is Argentina, which uses the Keynesian method of injecting money to generate consumption, creating brutal annual inflation and putting the country into recession every 2 years. If you really want to improve people's quality of life, you have to encourage investment, saving and deregulating things so that prices fall, and investment strategies change and focus where it would really give money.
If we do no redistribution and simply allow people to starve in the streets then revolution is coming.
On the other hand, if we prioritize helping people, and stop propping up failing businesses then we can maintain social stability long enough for the economy to restructure according to natural economic forces.