Re:Why inflation is not a threat
by wolfretcrap on Monday March 15, 2021 @01:01AM
(#26462780)
There are other ways to inject money into people's pocket directly by reducing logistic cost by investing in better infrastructure. Everyone from top to bottom uses roads and railroads, airports, seat ports for shipping. Everyone benefits from having them fast and more efficient.
[ Parent
| on HN ]
Re:Why inflation is not a threat
by rorykoehler on Monday March 15, 2021 @03:08AM
(#26463264)
Yes, longer term. A new road doesn't help you today when you have to choose between paying the mortgage and buying groceries. Giving money directly to banks to cover their liquidity while people get thrown out of their homes because they can't pay their mortgages with the same banks is monumentally stupid and I don't give the people who made this decision the benefit of the doubt. If they are that stupid they are not qualified to be in their jobs.